eHow launches Android app: Get the best of eHow on the go.

Getting Financial Assistance

Video Preview
From Quick Guide: Financial Help

Summary: Get financial assistance for a loan by bringing on a cosigner to the loan in order to increase the financial backing for the bank to consider. Find out how a cosigner will be responsible for a loan if the original borrower does not make payments with information from a registered financial consultant in this free video on personal finance and money management.

Views:
156
Presenter
By Patrick Munro
eHow Presenter

Patrick Munro's affinity for investing and financial matters began more than 20 years ago with business education and service throughout the ranks of the banking, insurance and...read more

Click Here

Post a Comment

Post a Comment

Video Transcript

"This is financial adviser Patrick Munro talking about getting financing assistance. This is a strategy that an individual can use if they're set on getting financing for a specific project. If they have tried to get the financing on their own and they've been turned down by the bank, then what they can do is bring on a co-signer. A co-signer is an individual that has a separate set of resources -- good credit, hopefully, as well -- and really beefs up your loan proposal, you know, going forward. Many people, if they're young, will use their parents as a co-signer. And if the bank looks at the assets of the parent and sees that it's significant enough to make the loan work, then the parent signs a loan document along with the...with the child. And then the loan is made. And of course, the co-signer's responsible for the payments if the child does not make the payments. So be...if you're a teenager or a young person and you're using your parents to get financing assistance, make sure you make those payments because you owe it to your parents to do so. This is financial adviser Patrick Munro talking about getting financing assistance."

eHow Article: Getting Financial Assistance

Related Ads

  • Have you done this? Click here to let us know.
Personal Finance
Mark P Cussen, CFP, CMFC,

Meet Mark P Cussen, CFP, CMFC eHow's Personal Finance Expert.

Get Free Personal Finance Newsletters

Copyright © 1999-2009 eHow, Inc. Use of this web site constitutes acceptance of the eHow Terms of Use and Privacy Policy.   en-US Portions of this page are modifications based on work created and shared by Google and used according to terms described in the Creative Commons 3.0 Attribution License.

eHow Personal Finance
eHow_eHow Business and Finance