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Hello. I have just made a move and am looking to buy a condo in my new area. I spoke to a lender and I may not qualify for the type of loan I want. I am in the unusual position in that I have a significant amount of assets but a low income at the moment. I recently transitioned from engineering work to teaching community college part-time. Let me state that working part time is normal at first in this field and the work is always constant. Full time is trickier to get and they typically only hire once a year. So...I don't really want to put off buying until I get full time work.

That being said. I don't want to liquidate all of my assets to buy. Part of this is what I will use to supplement my income until I get full time work.

I know I can make the payments. So, my question is this. If I have a relative co-sign for the loan do you think I can qualify for a higher loan? And if so, how would the tax situation change? All of the money would be coming from me. I would only have my brother be on the loan for the extra income.


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