Student getting a home loan?

Any general questions you might have in regards to loans and finance.
acheng
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Student getting a home loan?

Postby acheng » Wed Jun 24, 2009 1:27 pm

I am a student but my parents are working full time and want to help me buy a house.
Can I do this?

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Otto Dargan
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Re: Student getting a home loan?

Postby Otto Dargan » Thu Jul 02, 2009 2:43 pm

Yes this is possible. This is known as an income guarantee and is only possible if you have someone that has a good job, ideally a close family member, that is helping you to make the repayments. Often we call them student home loans because income guarantees are almost always used by parents to help their children buy a home while studying.

If you are borrowing 100% then you will also need a security guarantor.
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