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I've co-signed a loan. Should I include that debt?

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Co-signing mortgages or other loans is a common practice for parents trying to help their children establish a good credit history, relatives or even friends who want to lend (no pun intended) a hand.

While it won't keep you from getting a mortgage, if you've co-signed another loan, it counts as debt and you should include it on your loan application. It'll be factored into your total monthly payments when considering how much of a mortgage you can qualify for.

Talk to an M&T loan expert for more information.