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Just thinking whilst showering and thought I would also add a couple of things - This son did have the option of paying higher stamp duty, renting out the house he has just bought and staying at home. He didn't want to do that, but he knows if he cannot manage living there, he can pay the...

My brother's son is only 19 but keen to get started. On such a low salary, we are using family loan to settle for him but we will not ask him to repay the whole of the loan. We will ask that he get bank finance within a year or so. This loan doesn't use up too much of our loan facility, so we...

I just checked the email from two months ago when I asked if he could borrow on his casual wage. I'm sorry but I think I got my figures wrong in that previous post. These are two of the scenarios I was given - Option 1 Based solely on his current income of at best $33,579 pa the maximum amount...

Maybe check with another broker. Our son is 22 and has just bought a house. We used a family loan to settle for him only because he is about to graduate and earn full time. The plan is that he will refinance immediately he is made permanent (any day now) and repay the family loan. Before we...

Have you seen a good broker? You may be very surprised at what you can borrow.