Search found 3 matches

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Tue Jul 16, 2019 10:39 pm
Forum: Home Loan Forum
Topic: Is it possible to do 'one on loan two on title' property share loan?
Replies: 5
Views: 11836

Re: Is it possible to do 'one on loan two on title' property share loan?

Cool. So, what sort of considerations do we need to discuss with our legal adviser? Do we need to get it in writing?
by
Tue Jul 16, 2019 10:02 pm
Forum: Home Loan Forum
Topic: Is it possible to do 'one on loan two on title' property share loan?
Replies: 5
Views: 11836

Re: Is it possible to do 'one on loan two on title' property share loan?

The problem is my brother doesn’t want a loan commitment, so most probably property share will not be an option. So, looking at the other option of him being a guarantor and being on the title, how does that work?
by
Tue Jul 16, 2019 6:07 pm
Forum: Home Loan Forum
Topic: Is it possible to do 'one on loan two on title' property share loan?
Replies: 5
Views: 11836

Is it possible to do 'one on loan two on title' property share loan?

Hi, I’m looking to purchase an investment property with my brother as a tenancy in common. Basically, it would be a property share loan with both of us on the title. I will be contributing $75K towards the purchase and my sibling will be contributing $225K towards the purchase and I will take out a loan of $300K to complete the transaction. The property share will be 37.5%: 62.5% as per our contribution. Is it possible to do so with one on the title but not on the loan application?