Quote:
Originally Posted by Hondaracer
Shit like this should be rejected by all banks on principle.
My mom is a mortgage broker for coast capital and they started rejecting these a long time ago. Places like HSBC though will take anyone’s money.
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Why should bank stop? What if the parents already have a property and to avoid paying the investment tax they use their daughter's name on the 2nd property? What if the parents wants their kids to have a place over their roof so their kids can "afford a place" while making $14 dallar an hour. Should the bank stop coz you feel this is not right? Does it really matter to you if parents want to help their kids out?