Cosigner on loan who already has own home?

[twuoo]

I was wondering what the implications are for somebody who is willing to cosign a loan on my behalf, but already has a home herself?

I'm thinking about how this would affect the taxes and the house being "homestead"?

I filed bk and it hasn't been quite a year yet. I haven't talked to any loan agents yet.

My cosigner has perfect credit. But she also has her own home, in another state.

Is my lofty idea of owning a home just not going to happen?

Thanks!

[hereforinfo]

Even with a cosigner, I doubt you will find a loan with a recent bk on your report. And if you did, the interest rate would be outrageous and you'd need a very large down payment. As for the cosigner, she would be required to show enough income to support her current mortgage payment and the new one.