Guarantor Home Loans

This is a fantastic option to get your foot in the market affordably without a large deposit. A guarantor home loan will allow a sibling, parent, family member or relative to use the equity they have in their own home as extra security for your loan by providing this equity as a guarantee. Incredibly popular for First Homebuyers who have minimal savings or not quite a 20% deposit. A guarantor home loan will mean the purchaser will avoid paying a high figure of lender’s mortgage insurance and possible be able to look at a better interest rate also.

When you have enough equity in your own home, you can look at removing the guarantors from your home loan. The time frame to achieve this will depend on the original deposit amount, the amount that has been repaid and how much your property may have appreciated in value. Our brokers can assist with this when you are ready.