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by dq1232
Sun Mar 14, 2010 1:03 pm
Forum: Home Loan Forum
Topic: Can we get a guarantor loan?
Replies: 1
Views: 6410

Can we get a guarantor loan?

Hi,

Hoping you can give me some general advice as my wife and I are just about ready to buy our first home in the next couple of months. Our combined gross income is $95k, we have no debts, a good credit history and have saved $30k. We'd like to keep our savings and get a 100% guarantor loan with the help of my parents. They own their house, my father is retired with a $200k allocated pension and my mother works part time. Looking to buy a house for a max of $450k. Do you think it will be possible to get a loan? Is there any advice you have for our specific situation?

Thanks.