A co-borrower is a person who applies for and shares liability of a loan with another borrower. Under these circumstances, both borrowers are responsible for repayment. Generally, they also share title in the home or other asset that the loan is for.

Your co-borrower can be:

• Parent

• Sibling

• Spouse

• Partner (Not married)

• Friend

• Aunt

• Uncle

• Cousin

• Others

Spouses are considered co-borrowers on loans.