Tuesday, July 10, 2007
Answer get 100% mortgage or your parents to guaranteeing
Finally, while your parents may not be in a position to give you money, they could help by guaranteeing the mortgage. You can borrow more money and if you fail to make the repayments then the lender can go after your parents for it. This is the downside of this type of loan. Ultimately your parents' home is also at risk if you default on the mortgage. This is great advice being given is get your parents into the the shite as well.