I’m in a tough spot with my family. My parents want me to cosign a mortgage for my younger sister. They already made an offer on a house without telling me first. Now they’re pressuring me to help with the down payment too since I have a good job.
The thing is, I’ve been saving up to buy my own place. If I cosign for my sister, it could mess up my chances of getting approved for a mortgage later. Plus, she’s still in school and doesn’t have a solid plan to pay for the house.
My family is calling me selfish for not helping out. My mom even threatened to withhold money for my future wedding if I don’t do this. I feel bad, but I’m also upset they put me in this position without asking first.
Am I being unreasonable here? Or are they wrong for trying to force me into this? I’m really torn and could use some outside opinions.
Oh no, what a tricky situation!
Have you tried sitting down with your family to explain your perspective? Maybe there’s a compromise you haven’t thought of yet?
It sounds like there are a lot of emotions involved - I’m curious how your sister feels about all this too?
You’re absolutely not in the wrong here. Your parents have seriously overstepped by making financial commitments on your behalf without consulting you first. Cosigning a mortgage is a major financial decision that could impact your own goals and credit for years to come. It’s completely reasonable to prioritize your own financial stability and home ownership plans.
Their threats and pressure tactics are manipulative and unfair. You have every right to make your own financial choices without guilt. I’d suggest firmly but calmly explaining your position and setting clear boundaries. Perhaps offer alternative ways you could support your sister that don’t involve putting your own future at risk. Stand your ground on this - you’re making the responsible choice.
nah, ur not wrong. ur fam’s being pretty unfair tbh. cosigning’s a huge deal and they shouldnt pressure u like that. its ur $$ and future on the line. maybe u could help ur sis out in other ways? but dont let em guilt u into something that could mess up ur own plans. stand ur ground!