Investor guarator loan
Posted: Sat May 01, 2010 12:15 pm
Hi ,
My husband and I currently live in Sydney and would like to purchase a investment property for about $550K in Melbourne. So when we move to Melbourne in a few years time, we will have a home to move into.
We have about $40K saved up for a deposit. To avoid paying mortgage insurance, we would like our parents to guarantee our house using their property.
I was wondering which banks will allow us to get an investor guarantee loan?
Thanks for your time
My husband and I currently live in Sydney and would like to purchase a investment property for about $550K in Melbourne. So when we move to Melbourne in a few years time, we will have a home to move into.
We have about $40K saved up for a deposit. To avoid paying mortgage insurance, we would like our parents to guarantee our house using their property.
I was wondering which banks will allow us to get an investor guarantee loan?
Thanks for your time