When buying a house and you own a co signer who credit mark do they stir buy surrounded by a mortgage insurance company?

Answers:
Kind of both. They use the higher one to generate you eligible for the loan, but they use the LOWER one to determine your interest rate.
If the loan is a FHA loan the mortgage insurance is not based on a fico gain as the monthly premium is .55% of the loan amount. On conventional loans there are four major mortgage insurance companies and while respectively have their own guidelines, the mortgage insurance is largely based on the loan to expediency and the primary borrower's score. Source(s): http://www.darrell-evans.com
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