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State48 Homeowner PodcastAuthor: Kenny Klaus, Scott Kooiman, and Klaus Team Real Estate Solutions
Arizona is a unique landscape with its own climate. Many Arizona Homeowners wish there was an owner's manual, and now there is one. Each week, hosts Kenny Klaus and Scott Kooiman discuss a relevant topic for Arizona Homeowners and bring in experts to help listeners understand how best to care for Arizona homes, landscape, and every other aspect of owning a desert home. They'll also keep listeners in tune to the state of the current housing market and new opportunities homeowners have in a changing world. Kenny and Scott lead Klaus Team Real Estate Solutions, a real estate industry leader in Mesa, Arizona with Real Broker, and both have decades of experience as owners of residential property in Arizona, both as homeowners and investors. They have consistently averaged selling a home a day every year since 2010. Language: en Genres: Business, Education, How To Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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Ep. 196 - Everything You Need to Know About Co-Signing a Loan (Before You Say Yes)
Episode 196
Monday, 10 November, 2025
Co-signing a loan often comes from a place of support — whether you're trying to help a family member or friend qualify for a car, student loan, or even a mortgage. But before you put your name on the dotted line, it's important to understand what co-signing really means for your credit, financial future, and relationships. In this episode of State 48 Homeowner, we break down how co-signing works, the legal and financial responsibilities involved, and why it may have more consequences than benefits — even when everything goes right. We're also joined by Steve Farrington, our lending and mortgage expert, who explains how co-signing affects mortgage approval, why lenders use the lowest credit score between borrowers, and what to consider before agreeing to co-sign. Finally, we discuss practical alternatives that allow you to support someone financially without risking your credit or long-term goals. Whether you've been asked to co-sign or you're thinking about asking someone else to, this episode offers clear, balanced guidance to help you make an informed decision. 00:00 – Introduction 01:00 - What is Co-signing? 02:02 - The Problem with Co-Signing 02:50 - Co-Signing for a Mortgage 03:50 - The Emotional Trap 04:42 - Real World Fallout 05:42 - Smarter Ways to Help 05:52 - Coach, Don't Co-Sign 06:08 - Help Them Build Credit 06:22 - Gift What You Can 06:45 - Connect with a Lender Early 07:01 - The Run-Down 07:49 - Next Steps
