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-borrowers have ownership in the property securing a loan. A co-borrower must sign the loan papers and assume responsibility for repaying the loan. Some lenders refer to a co-borrower as a joint applicant. Co-borrowers apply for loans together. Often, they are spouses who want a larger loan than either could qualify for individually.