ShmoopTube

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Finance a la shmoop what is a cosigner? well it's just this oh wait

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that goes in the trigonometry video people why don't you do this all right [Man discussing trigonometry]

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never mind cosigner it's this... okay all right we're in finance so a cosigner is

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this there we go it's your mom you really wanted that

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condo with the nice view of the park the cool arts district and the local dentist [Dentist office building]

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office nearby for some weird reason but the building owners just didn't trust

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you alone to make the payments yourself which makes sense given that you're a

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part-time barista who takes at least one sick day every week you blame them so [Sick days marked on calendar]

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your condo dream seems a well a bit out of reach luckily for you the bomb

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or Bank of mom came in handy when she co-signed the loan along with you all [Mum signing loan agreement]

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right what does that co-signing mean well it means that you are the first one

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obliged to pay the monthly payments on your loan but if you don't well then the

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Bank of America way bigger than the bank of mom can come after mom and she is

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directly legally obligated to pay the loans that you promised - hey so yeah

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you got your condo dream but mom's living quarters aren't so spacious yeah [Mum laying in a car backseat]

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well you made her co-sign for your deadbeat self hanging her butt up to dry

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and now she's well enjoying the view from her SUV parked on the curb of the [SUV window winds down and Mum appears]

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road outside the dentist hang in there mom you'll get a better

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parking lot slot with a view someday

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