Search found 3 matches

by
Wed Apr 24, 2019 2:50 pm
Forum: Home Loan Forum
Topic: What are the benefits of guarantor loans?
Replies: 5
Views: 11424

Re: What are the benefits of guarantor loans?

Thanks for letting me know. You mentioned that I can limit the size of my guarantee! What exactly do you mean by this?
by
Wed Apr 24, 2019 2:35 pm
Forum: Home Loan Forum
Topic: What are the benefits of guarantor loans?
Replies: 5
Views: 11424

Re: What are the benefits of guarantor loans?

Hey,
That’s great! I forgot to mention this before but I want to remove my parents as my guarantors as soon as possible. The thing is that if the wedding didn’t happen, we could still make the repayments on time as we are both high earners. Please let me know how soon we can release them!
by
Wed Apr 24, 2019 2:13 pm
Forum: Home Loan Forum
Topic: What are the benefits of guarantor loans?
Replies: 5
Views: 11424

What are the benefits of guarantor loans?

Hello,

I and my wife are looking to purchase our first property around Ravenshoe as soon as we tie the knot this September. We have saved up a decent chunk of money but we will be spending most, if not all of it on our wedding processions.

I have talked to my parents and they have agreed to act as our guarantors for the time being. They have a house that’s worth $800,000 in Tully and the property I am trying to get is currently priced at $750,000.

I wanted to know whether it is possible for me to borrow over 100% of the purchase price? What are the other benefits of guarantor loans?