Balance and fall prevention for seniors. One of the leading health concerns for people over the age of 60 is falling, which is often related to balance problems. Each year, between 20 and 40 percent of adults over 65 who live at home fall.
Who is a co-applicant? A co-applicant refers to a person who applies along with the borrower for a loan. This is done so that the income of the co-applicant can be used to supplement the borrowerâs income and increase his/her eligibility.
Co-borrower â This individual's income can be added to (commingled with) the applicants income in order to meet the income requirements of the loan. The total income of both individuals is used to qualify for the loan. In most instances, this would mean that the co-borrower is the husband or wife of the applicant. Co-signer â While the credit score of this individual will be considered in meeting the credit history requirements of the loan, their income, by itself, will not be considered in order to meet the income requirements of the loan.