7.7K views · 18 reactions | It's time for this week's Mortgage Minute, where we answer your housing questions in 60 seconds for less. Today's question: “Who can be a co-borrower on my mortgage?” Want to know more? Find an LO near you at https://movement.com/search/ or, better yet, message the LO that shared this video! | Movement Mortgage | Facebook

🏦A recourse loan allows a lender to pursue additional assets when a borrower defaults on a loan if the debt’s balance surpasses the collateral’s value. 🏦A non-recourse loan permits the lender to seize only the collateral specified in the loan agreement, even if its value does not cover the entire debt. I’m doing research on this; the benefit of having a non-recourse loan is that you are not personally liable for the full amount borrowed. If you default on the loan, the lender can only seize th

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