doublejy replied to the topic Help – Using equity to purchase family home in the forum Finance 11 years, 5 months ago
Thanks Shahin,
So the only way to keep em separate is if I dont use the equity in my IP ?
I would have to come up with an 113K in savings in order to meet the 80% ratio..
doublejy replied to the topic Help – Using equity to purchase family home in the forum Finance 11 years, 5 months ago
Thanks Jamie
So depending on the lender , and should it be 90% – Would I need to be able to service 714K? (612 +102 ) ?
doublejy replied to the topic New Forum member – I need some advice on my current situation in the forum Help Needed! 16 years, 2 months ago
Hi,If we refinance and have my wife on the mortgage with the bank together, we are saving approximately $200 dollars a month. The property itself will still be in my name.So does that mean that when I submit the tax return , her income gets added as well which results in a higher taxable income and hence less tax returns?Sorry for the newbie questions