Guarantor loans remove the requirement to pay Lender’s Mortgage Insurance and provides access to lower interest rates for buyers with less than a 20% deposit.
Under a guarantor loan structure borrowers are able access a home loan of 100% of the purchase price and an extra 10% for associated costs
Guarantor loans are popular, especially for first home buyers who may not have a big enough deposit to buy a house, but do have the borrowing capacity to service a loan.
These types of loans are structured in such a way that the loan is secured by both the property you are buying and the property owned by the guarantor. We make it a priority to help release the guarantors title as soon as it is possible.
We’ve helped many singles and couples over the years purchase established homes, vacant land, new homes and even build homes with guarantor loan structures. It has never been more popular than it is now!