And Sam may have ways to circumvent it, but I'm sure having your parents as guarantor affects your FHOG eligibility since they are already home owners?

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[B][COLOR=red]Jerk of the circle.[/COLOR][/B]

Not going against you Sam, but I would strongly recommend reading into how this works first
Something that I thought about a long time ago but wasn't too keen after reading into it.

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2015 Forester XT Premium
2020 VW Tiguan Allspace
teejay: If I wanted a comeback Id wank in front of a fan

Its not something I would personally do BUT can save you a lot of coin and get you in the market sooner than later! great way to break in and then sort of the titles later.

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Blue Evo IX- For Sale- You buy, cheap cheap
Hot Pink Civic- SOLD

No it doesnt effect it, they are only there if you cannot repay the mortgage, it doesnt effect your personal credit rating or anything, 99% the guarantor never has to come into effect (repay the mortgage) thank goodness!

EDIT: I had to look in to this as I was considering going Guarantor for someone.

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Blue Evo IX- For Sale- You buy, cheap cheap
Hot Pink Civic- SOLD

Ahem.

Back to rims please or financial advice including rim selection.

Because I know it's going to be said, no don't post about rim jobs in here either!

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[COLOR="Gray"]550Nm off a 2L... Just wish it was in the dak dak...[/COLOR]

OH cumon!!! take the fun out! haha

Cam: my vote is NO new wheels

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Blue Evo IX- For Sale- You buy, cheap cheap
Hot Pink Civic- SOLD

No wheels

Also, just be so broke you can never afford a house. winning

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I am only an asshole on the internet :)

[SIGPIC][/SIGPIC]

I think they meant to use your parents property as security so the amout of the loan is less than 80% of the value of the two properties combined (less any thing that they may owe).

eg your potental place $100K, $10k in savings and $90K loan = mortgage insurance.

Include your parents place $100K and they still owe $10K. Situation is now property value combined is $200K, loans $100K (both combined) and the loan ratio is 50% so no mortgage insurance.

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Race Torque Dyno 399 NM, 248Kw @ 20PSI

Straight roads are for fast cars, twisty roads are for fast drivers. I have or am neither.

http://tttmsp.smugmug.com/

live with parents and prosper while rolling on 19's ftw

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Funny looking German Subaru

Remind me to remind your kids of this when your in your late 60s early 70s - assuming dementia hasn't set in

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[COLOR=Black]Liberty GT Spec B tuned 240 HP & 372 Nm at the hubs.[/COLOR] "Instead of banning high performance cars - ban low performance drivers"