Asked by s***@hotmail.com
Hi, I’m 40yrs old this year and I have planned to purchase my first house recently. The issue now is my brother has just bought his new home last year and he wanted to transfer the property under my name due to his marital issue. I want to know if this will affect my loan application or my new house purchase financing? If he transfer his house under my name its consider I’m buying the property from him? So whn I apply for loan for my first home purchase it’s consider as my second home and not first home correct? my concern now is the ownership transfer. Pls enlighten me. Thanks
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