
bonus: property, mortgages, LMI, parental guarantees & Vince has a new book
money money money
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Are Your Parents Going to Retire?
Some banks have a special parental guarantee where the obligation of the parent is limited to 20%. Kids don't pay, they're only limited to recoup the forty. Some lenders won't let a second mortgage for print or counten. Yo've got to go all with one lender in like it can get messy and getem nobat all. Parent guarantees are limited to the deposit. Can explain ats that erealy importan. And are your parents going to retire in theit time? Hime yre, they going to wang to move to barreba, all that stuff.
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