I am purchasing property and was wondering if following is possible:
A. The loan from bank needs to be in my name only. (If I add my family member (one of my parents), then I wont get loan as they look at their expense, etc).
B. On the property title, want to add one of my parents.
Is above possible? What are alternative setups for this?
If someone’s name is in the property, they have to be connected to the loan in some way. Either via being a borrower or a guarantor.
https://www.homeloanexperts.com.au/home-loan-articles/one-bo…