Hello,
Due to not having PR my spouse (has PR) went for solo approval of a loan. I do not have PR, however I can more than afford to pay my share of a mortgage. Unfortunately since I mainly run a company and also lack PR I don't look "normal" to a bank and it would be substantially harder to get approval on a smooth timeline.
Is there an alternative way to structure property ownership without being a first party on a loan to avoid gift tax liabilities? I intend to revise this the "proper" way after I get PR but for now don't want the loan application and property purchase to be slowed because of my non traditional background.
by agibsonccc