HELP YOUR FAMILY BUY A HOME OF THEIR OWN! A family guarantee allows you to use some of the equity in your property as security to secure a home loan for your family member. Whether you are a parent or sibling you could be helping them move into their own home faster saving them thousands of dollars from paying rent and helping them get a head start in the property market.Book a FREE Appointment
Are you short of a deposit?
Are you wanting a home NOW and haven’t started saving yet?
Do you want to save paying unnecessary Lenders Mortgage Insurance (LMI)?
If you answered YES to any of these, then you need to talk to one of our mortgage specialists immediately and find out more about Guarantor Loan options.
Some lenders have a loan product known as a family pledge or Guarantor support loan. Parents or other family members are able to use equity in their own property as additional security to help support your loan application. By utilising this Guarantee option, borrowers are able to borrow 100% of the funds required to purchase property which means you potentially don’t need any deposit at all. The Guarantor loan product is generally to assist First Home Buyers but some banks policy are very flexible, so it can also be available to previous home owners re-entering the property market and investors purchasing investment property too. These loan options can only be considered by those who have the ability to repay the loan but lack sufficient funds to meet the deposit and other upfront costs involved with buying property.
The many benefits and advantages of a Guarantor loan are:
Getting help from a Guarantor just may be the simplest, quickest and most cost effective way to get into property today. Make contact with us to find out more about this loan option.