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From: Fernando Loprete
I was wondering what the implications are if i want to use my parents home as additional equity? eg. Should i put my name on the title, and take 1/3 of the equity. Do i pay stamp duty by doing this? My parents are currently on a aged pension, will it affect there pension? Has anyone here done this before? What other ways are there in getting around this problem? Thank you in advance.
I was wondering what the implications are if i want to use my parents home as additional equity? eg. Should i put my name on the title, and take 1/3 of the equity. Do i pay stamp duty by doing this? My parents are currently on a aged pension, will it affect there pension? Has anyone here done this before? What other ways are there in getting around this problem? Thank you in advance.
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