Help with guarantor loan

Any general questions you might have in regards to loans and finance.
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anita
Posts: 56
Joined: Mon Jun 15, 2009 4:38 pm

Help with guarantor loan

Post by anita »

I want a family guarantee loan but CBA has declined my loan because my parents are too old and are on the pension. Can I get a loan with another lender? Who can help?

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Otto Dargan
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Location: Sydney, Australia
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Re: Help with guarantor loan

Post by Otto Dargan »

Yes it is possible to get a home loan supported by a guarantee from an elderly guarantor. Many lenders will not approve loans that could put the guarantor at risk of losing their home if the repayments were not made. Home loans with a pensioner going guarantor are possible if you meet other standard bank lending criteria.
Otto Dargan
Mortgage Broker
P | 1300 889 743
Home Loan Experts

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