Hi,
I've only just joined so have much reading to do.
My father and I are looking into buying an IP, him using equity in the home he owns PPOR and my cash as a deposit. Is it possible to put down say 10% cash and use the equity in PPOR to negate the mortgage insurance?
any advice would be appreciated.
I've only just joined so have much reading to do.
My father and I are looking into buying an IP, him using equity in the home he owns PPOR and my cash as a deposit. Is it possible to put down say 10% cash and use the equity in PPOR to negate the mortgage insurance?
any advice would be appreciated.