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  1. W

    Take over mortgage from parents

    But if the house, regardless of who's name it's under is security on the cards, then it would be an issue.
  2. W

    Take over mortgage from parents

    wylie, spoke to someone recently about their mothers 'snowballing' reverse mortage debt. Good, I think if it's the only solution. Chickadee, what does the father say about all this? Have they defaulted? The other option is for them to sell, pay out their debts, and buy something...
  3. W

    Take over mortgage from parents

    Is it a budgeting issue? There is an income from the mum and a pension from the dad but they can't pay the interest (at remortgaged home loan rates) on 70K - that's under $200 pf? Can the dad not do 5 ot 8 hours of gardening, dog walking, or junk mail/paper delivery per week to cover this...
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