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  • how does having two residential mortgages affect tax, etc?

    Home Loans 17.11.2010
    wl asked:


    When my sister bought a house, she alone does not have enough credit to take out a loan, so I put myself down as a co-applicant. Now I’m planning to buy my own house, I was told I can get a mortgage, but I am not sure what implication does it have if I have two residential mortgages, if any?
    Knowing this makes me feel must assured. Thanks!

    Wedding Venues Adelaide

    Posted by Andrea @ 6:16 am

    Tags: Implication, Mortgage, Residential Mortgages

  • 2 Responses

    • Win Back Exboyfriend says:
      November 20, 2010 at 2:08 am

      The Panic Puzzle Review

      If your sister is paying the mortgage that she has, then it has no effect on you at all tax-wise.

    • TV For Laptop says:
      November 22, 2010 at 4:06 am

      Cycling Skinsuits

      none – you get to claim your primary residence… anything else is IMMATERIAL…

      especially if you’re just a CO-SIGNER.

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