She seems fine with it now after explaining it to her again. Unfortunately we only have the one property to draw equity from for the reno and my...
Thanks Paul for the response. The bank isn't wanting any further security to do the cash out. All they wanted was for my MIL to speak to a...
English is a second language for her and she is naturally a worrier. After some further discussion about it she now understands that the...
Yes always a good idea to put 'probably' in anything legal. Not trying to take advantage of the MIL just wanting the right amount of worry...
Thanks Terry Think this will cause more problems trying to determine the price of property and having serviceability for the bigger loan. I...
Yes I understand the role of the guarantor but she is on the title so she could be an applicant or guarantor. What I didn't realise is that a...
Hi I currently have a $30k loan on my $1.1m property and want to draw $200k in equity for renovation. Problem is that my mother in law is on the...
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