Search found 3 matches

by Richard G
Mon May 06, 2019 3:28 pm
Forum: Home Loan Forum
Topic: Potential credit bottlenecks that I need to be aware of as a guarantor
Replies: 5
Views: 1608

Re: Potential credit bottlenecks that I need to be aware of as a guarantor

That’s fine and dandy. The last thing I’m trying to work out is the guarantee portion which will be secured on my house. How much will I be guaranteeing here?
by Richard G
Mon May 06, 2019 1:43 pm
Forum: Home Loan Forum
Topic: Potential credit bottlenecks that I need to be aware of as a guarantor
Replies: 5
Views: 1608

Re: Potential credit bottlenecks that I need to be aware of as a guarantor

Hmm. If her income is insufficient to meet the serviceability then can’t they use my income for any shortfalls?
by Richard G
Mon May 06, 2019 11:56 am
Forum: Home Loan Forum
Topic: Potential credit bottlenecks that I need to be aware of as a guarantor
Replies: 5
Views: 1608

Potential credit bottlenecks that I need to be aware of as a guarantor

Hi, we want to buy an investment property for our granddaughter to help her gain some independence and a good credit rating. She works as a hairdresser and earns roughly $50,000 a year and lives with us rent free. She has no debt except for her credit cards with a $3,000 limit. She doesn’t have a de...

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