If My brother and myself as a joint applicant to refinance an existing House A (where it is not fully paid, and my name is not in the SNP nor original loan agreement).
He planned to cash out about 800k via refinance House A.

May I know:
- What is the disadvantage on my side?
- How does it affect, if I plan to buy new car/house after a year later?
- If my brother unable to service the loan, i assume the banker will look for me for the settlement?

Thanks

For 2, from the loan amount of 800k, how much it will be part of my commitment? Will it be 50% of the 800k or it will be fully 800k?