Student getting a home loan?

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acheng
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Joined: Wed Jun 24, 2009 1:15 pm

Student getting a home loan?

Post by acheng »

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?

Post by Otto Dargan »

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.
Otto Dargan
Mortgage Broker
P | 1300 889 743
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