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For many young Australian’s who can’t afford to buy a house on their own, they use a strategy known as co-borrowing; essentially using a friend, relative or partner to increase their ‘buying-power’.
When looking at co-borrowing, the following items should be considered:
There are many pros and cons to co-borrowing, but the key to making it a successful venture is to know and trust the person you are borrowing with!
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