Aaron WhybrowGeneral Manager, Strategic Mortgage Broker

What is your longterm plan?

Name: What is your longterm plan?
Uploaded: 2022-03-08T06:05:53Z
Channel: Aaron Whybrow
Description: Carina walks through buying an investment property with a sibling. She explains a lending product that lets you share ownership while each person is…

8 Mar 2022

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Carina walks through buying an investment property with a sibling. She explains a lending product that lets you share ownership while each person is liable only for their portion of the debt, and why a clear long-term plan matters before you buy.

Hi, it's Carina here. I'm just touching base. I've had a client call me who's looking to buy an investment property with his sister. Now, in this type of transaction, one of the big key questions is what is your long term plan? What is this transaction going to do for you now to serve your goals now and how is it going to impact your future borrowing? Now, we have an amazing product available to us that will enable you you to purchase with your sibling, be liable for your own portion of the debt, which can limit the lending that you're liable moving forward. So it can be pretty confusing to get your head around. But if this sounds like you, if you're wanting to get your foot in the door and you and your sibling are looking to purchase together, give me a call and let me run your numbers and see how we can work this out for you.