Can't get loan because of SS - or DH's dumb decision!
SO agreed to be guarantor on mortgage for SS. At the time I said I didn't agree, I worked in a bank many years ago as a lender and know the risks involved. I also said if you do this for one child, you would have to consider it for all kids and we don't have the money to do that. SO said it will be alright, it will all work out. Fast forward...we just applied to extend our mortgage to renovate and we have been turned down due to SO co-signing on this mortgage for SS! Acting as guarantor has seriously impacted the equity in our home so we no longer qualify for more money, I am so mad! Keep in mind this is the same SS who asked SO to co-sign, then asked him to come and see the property and said, "but please don't bring CL - come on your own"!! It's fine to use me for my money, but I can't come to see where the money is going! These SK's are a major source of grief in my life!
SO feels really bad and said he is going to try and get his name off, we shall see if he is successful or not. He said he didn't think through this decision...really???