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by Tabitha J
Thu Sep 12, 2019 8:23 pm
Forum: Home Loan Forum
Topic: Using personal loan as a house deposit. A bad idea?
Replies: 5
Views: 1961

Re: Using personal loan as a house deposit. A bad idea?

A guarantor loan sounds like a viable option right now. But my mom has a lot of questions regarding this. Are there any protections in place for the guarantor?
by Tabitha J
Thu Sep 12, 2019 8:13 pm
Forum: Home Loan Forum
Topic: Using personal loan as a house deposit. A bad idea?
Replies: 5
Views: 1961

Using personal loan as a house deposit. A bad idea?

Hi there, I am hoping to buy a property in Tasmania worth $475,000, but do not have enough deposit saved up. For now, I have only saved $5,000 & I am living rent-free at my mom's house. I have been working for 4 years and earn around $70k annually. My question is this: is using a personal loan as a ...

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