kermitMember@kermitJoin Date: 2005Post Count: 8
Hi, I was just wondering if you guys could help me. I have been looking but can’t seem to find an answer to my question. I would like to purchase a house but to do so I would need my parents to either be second applicants for the loan or guarantors. My parents have owned property before. The property would be in my name, they would just be helping me get the loan. Would I still be eligble for the FHOG??
thanks for the help
jameshmackayParticipant@hmackayJoin Date: 2004Post Count: 197
I did exactly what u are suggesting for my son and he got the FHOG.
Suggest u contact the FHOG office in your state
hrmMortgage HunterParticipant@mortgage-hunterJoin Date: 2003Post Count: 3,781
As long as they are not on title.
There are safer ways for your parents than them being guarantor. Banks aren’t real keen on it either.
Most brokers will be pretty experienced in setting this up for you properly.
Residential and Commercial Finance Broker
0425 228 985
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.kermitMember@kermitJoin Date: 2005Post Count: 8
Thank you for the replies. I have contacted the the FHOG office for the NT but they have yet to reply. So I thought I would ask here in the forums before I give them another go.