Hi everyone, Just a query. I’ve just had a friend come to me & ask me to go halves in a house with him because he has $20,000 but he can’t get a loan because he has only been in his job a few months. Now I don’t want to go halves because I’m pretty much tied up for a few months financially. But I can’t help but think that I can use this opportunity to my advantage some how.I just can’t quite grasp how I can do it. I’m thinking that I will get the house loan with his money. Wait a year until he can get finance, and then use the equity in the place to buy one for myeslf before I sign it back to him. Any suggestions would be appreciated. I’m sure it’s her some where.
A few months employment shouldn’t make a loan impossible.
Have him contact an independent broker.
Cheers,
Simon Macks
Mortgage Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
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