Borrower

On a mortgage, someone must be responsible for repayment. That party is the borrower. Couples and other household groups often sign together; each of them is still a borrower. Applying for a loan and being the borrower are close ideas, but they are not always identical. An applicant is asking for credit. A borrower is the party on the loan once it exists. A coborrower is an additional obligated party, not a different kind of debt. This canary does not catalog corporate or trust borrowers. Everyday US Mortgage Index pages are about people taking out home financing.

NONE REQUIRED

Credit, debt-to-income ratio, and complaint language attach to a borrower, not to “the house.” Readers need that role before they can read a lender profile or a disclosure.

Sam and Riley both sign the mortgage. Each is a borrower. Their adult child, who only helped gather paperwork and did not sign, is not a borrower on that loan.

• Credit score
• Debt-to-income ratio
• Lender
• Mortgage
• Mortgage servicer

NONE REQUIRED