In this week's episode of You Have My Interest, we delve into a recent finance file where we assisted a family unit – parents and their daughter – in purchasing a new home off the plan. In this unique scenario, the daughter (a lawyer with her own investment property) teamed up with her parents (both working, with existing properties and business liabilities) to buy together.We unpack how a lender’s mortgage insurance waiver allowed them to purchase at a 90% loan-to-value ratio without paying LMI, saving them thousands upfront. You’ll hear about the challenges they faced navigating existing debts and business guarantees, and how working with a broker helped them find a solution their bank couldn’t provide – securing fast approval, keeping repayments manageable, and achieving an outcome that worked for everyone involved.
