Search found 3 matches

by Ibrahim
Tue May 28, 2019 6:56 pm
Forum: Home Loan Forum
Topic: Existing mortgage on the guarantor's property
Replies: 5
Views: 923

Re: Existing mortgage on the guarantor's property

Awesome! My Mum is on the title and she’s on the fence about being a guarantor. What can I do to make her feel at ease? Insurance?
by Ibrahim
Tue May 28, 2019 5:09 pm
Forum: Home Loan Forum
Topic: Existing mortgage on the guarantor's property
Replies: 5
Views: 923

Re: Existing mortgage on the guarantor's property

I just checked my dad’s home loan statements, the current mortgage balance is $208,545, and similar properties in the area are being sold at around $690,000 to $740,000. I’m looking at borrowing the full amount for a nice suburban townhouse that’s on the market for $668,000. The limited guarantee ca...
by Ibrahim
Tue May 28, 2019 1:01 pm
Forum: Home Loan Forum
Topic: Existing mortgage on the guarantor's property
Replies: 5
Views: 923

Existing mortgage on the guarantor's property

Hi, my dad’s willing to be the guarantor for my first ever home loan. The problem is, he already has a mortgage on the property. I’m trying to find out how much equity do I need in my dad’s property, what the size of the guarantee is? Simply put, I’m trying to figure out how a guarantor home loan wo...

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