Home loan guarantors

June 29, 2017
Paul Williams

A guarantor could help you own your home sooner.

Struggling to save for a deposit? A guarantor could help you get into the property market sooner.

Saving a decent home-buying deposit can be difficult … especially if you're renting. But there's a solution that could get you over the line - having a 'guarantor'.

A guarantor is someone - usually a parent or a family member - who offers their own home as security for your loan. The guarantor isn't required to make any payments on your loan. But if you can no longer keep up your repayments, the lender will turn to the guarantor to make the repayments.

So what are the benefits for home buyers?

Take a look at the video below to find out more.

Have further questions? Contact us today.

Posted in: First home buyers

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