My question is: if I take out a mortgage, will it interfere with my ability to get a quality loan in 4 years when I buy my own condo? I'm going to have 40k on the condo, but I still have half. I'm afraid they're not allowing me to get the loan for this mortgage if I'm already on the first mortgage with my dad at the townhouse.
My father said that it was not true, that I could use the subdivision as collateral to get the mortgage for the condo. Is it true?