Question about co-signers on mortgage loanWould it help to have a co-signer if applying for a mortage? I can't prove my income because it is a home-based business. My husband makes decent income, but because of our current debt to income ratio, his income is short of what the bank wants to see. They suggested we pay off our two vehicles that only have about a year worth of payment left on them and/or pay off a large chunk of our credit card debt to lower that. We are considering doing that, but we are wondering if we got a co-signer, would their income be taken into consideration and perhaps we could get the loan that way? We are trying to move quickly, as we have our eye on a foreclosure we want to bid on. Thank for any input!February 02 2009 - Baltimore11YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.