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Our award-winning mortgage brokers will find you the right home loan for your situation.
What is a guarantor and how does a guarantor loan work?
A guarantor is someone who provides a guarantee on your mortgage by using their property as security. In most cases, this will be your parents using their home.
Some lenders will allow your guarantors to be immediate family members such as siblings, grandparents, spouses, de facto partners or adult children.
Once you have paid off part of your loan or your property has increased in value then you can apply to remove the guarantor.
Don’t pay lenders mortgage insurance!
Lenders Mortgage Insurance (LMI) is a one off fee that you have to pay when borrowing more than 80% of the property value.
LMI protects the bank in case you default on your mortgage, it doesn’t protect you as the borrower. The premium isn’t cheap either.
Depending on the property price and how much you’re borrowing, you could easily be paying more than $10,000.
With a guarantor though, lenders see you as less of a risk and will waive the cost of LMI!
Consolidate minor debts including credit cards and personal loans.
There are only a few select lenders that allow you to roll all of your debts, including your new mortgage, into one low repayment each month.
This makes it possible to borrow up to 110% of the property value.
How we find you the right solution
We get a complete understanding of where you’re at and what your ultimate goals are.
You’ll get a recommendation in just 3 easy steps.
Step 1
Enquire online
or call us
Step 2
We assess
your situation.
Step 3
We find you the
most suitable loan.
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Testimonials for Home loan Experts
“ …From the beginning the service, care and attention to my needs was outstanding. And that continued with every contact, in fact I’d say it got better, which is counter to what happens almost everywhere else….”
Glen Campbell“ …He was able to quickly and with minimal fuss, find us a loan at a good rate when others told us it would be too hard. Very impressed with their service and would highly recommend the home loan experts in the future”
Kim Thoa Bui“ …offered fast service and made the whole refinance process simple. And I love simple!
Thank you for getting me a great deal with a home loan that really suited my needs….”
Tracey A