Should families help children into a mortgage?

Discussion in 'Loans & Mortgage Brokers' started by BillV, 28th Apr, 2009.

Join Australia's most dynamic and respected property investment community
  1. BillV

    BillV Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,555
    Location:
    Sydney
    Is this a good idea?

    Considering the high cost of housing, parents acting as guarantors could be the only way left for some children to get into property.

    However, some experts say that if a child gets into financial difficulty he/she may get yourself into financial difficulty as well and you could risk losing your home.

     

Price Accounting are a leading tax service for your property + tax issues. Contact Paul@PFI for property focussed tax services using our client portal access, digital signing and checklist based approach for best pricing. Free client pack included.