Everyone’s talking about how mortgage rates are at an all-time low. Time to jump on the refinance band wagon? Unless you’re a mortgage guru, you probably have a few questions about the process and some common lingo that gets tossed around at cocktail parties.

Let’s say someone you know and love asks you to co-sign on a loan. Good choice or bad choice? The answer could be yes to both. When it comes to co-signing, it really depends on the parties involved.