Why would a borrower get a cosigner for a loan? They can't qualify for a loan by themselves The borrower can handle the entire loan themselves They want to open a savings account They need help evaluating the loan terms

A borrower would get a cosigner for a loan primarily because they can't qualify for a loan by themselves. Here's a breakdown of the options: 1. **They can't qualify for a loan by themselves**: This is the correct reason. A borrower may have insufficient credit history, a low credit score, or inadequate income to meet the lender's requirements. A cosigner with a stronger financial profile can help secure the loan. 2. **The borrower can handle the entire loan themselves**: This is incorrect. If a borrower can handle the loan on their own, they typically wouldn't need a cosigner. 3. **They want to open a savings account**: This is unrelated to the need for a cosigner. Opening a savings account does not require a cosigner. 4. **They need help evaluating the loan terms**: While having a cosigner may provide some support, the primary purpose of a cosigner is to enhance the borrower's creditworthiness, not to evaluate loan terms. In summary, the main reason for a borrower to get a cosigner is that they cannot qualify for a loan by themselves.