Congratulations on your marriage!
Guarantor loans have become very popular in recent years as they cost less than standard home loans.
In addition, loans with a guarantor have several benefits for you as the borrower:
- You don’t need a deposit, allowing you to buy a home now.
- Save money by not paying an Lenders Mortgage Premium (LMI) premium.
- Discounted interest rates are available from some lenders.
- You can consolidate some minor debts, such as credit cards, when you buy your home.
- You can limit the size of the guarantee.
Our mortgage brokers are experts in guarantor home loans. Please call us on 1300 889 743 and we can go through your options with you.
Cheers,