What would be the most economical strategy?
Mums block is unencumbered but she only has a part time job which isn`t enough to service a loan.
I can service it to enable the subdivision with new house at the rear.
I can`t borrow against anything myself so can mum and I jointly borrow with her equity and my serviceability, I`m sure we could have this setup but what would be the best for her peace of mind knowing she hasn`t got her house riding on anything (as she is an old school thinker)?
Thanks
Matt
Mums block is unencumbered but she only has a part time job which isn`t enough to service a loan.
I can service it to enable the subdivision with new house at the rear.
I can`t borrow against anything myself so can mum and I jointly borrow with her equity and my serviceability, I`m sure we could have this setup but what would be the best for her peace of mind knowing she hasn`t got her house riding on anything (as she is an old school thinker)?
Thanks
Matt