Forum Replies Created

Viewing 3 posts - 1 through 3 (of 3 total)
  • Profile photo of doublejydoublejy
    Member
    @doublejy
    Join Date: 2008
    Post Count: 5
    November 5, 2012 - 12:55 am

    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.. 

    Profile photo of doublejydoublejy
    Member
    @doublejy
    Join Date: 2008
    Post Count: 5
    November 5, 2012 - 12:53 am

    Thanks Jamie

    So depending on the lender , and should it be 90% – Would I need to be able to service 714K? (612 +102 ) ?

    Profile photo of doublejydoublejy
    Member
    @doublejy
    Join Date: 2008
    Post Count: 5
    January 25, 2008 - 2:14 am

    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

Viewing 3 posts - 1 through 3 (of 3 total)