If you find yourself in the situation that you are unable to pay your credit card debt balance off each month then there are steps you can take to reduce your interest charges.
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Not all credit cards are created equally. And so it makes it that much harder to decide which credit card offer to choose. There are many factors you sh.....
Parents risk their home for kids mortgage 14 September 2009
More people than ever before are asking family members, usually their parents to guarantee all or part of their mortgage. Often parents use the equity they have built up in their own home to guarantee their child’s mortgage or to help them avoid mortgage insurance. Term deposits can also be used to guarantee a mortgage.Financial advisors say parents should ensure there is an early exit strategy from this arrangement to avoid them being guarantors for the full 25 year term of a mortgage. This would impede them in selling their own house.Parents can ask for the child to revalue their home regularly, say every five years. Assuming the house rises in value, the child may be able to get a loan under 80 per cent LVR and the parent can be released as guarantor.
