LOW DEPOSIT?

NO DEPOSIT?

Family Guarantee could be your answer!

Get your home sooner when a family member guarantees part of your home loan

Do your parents or family want to help you buy a home or invest in property? A Family Guarantee is a way for your parents or family to help you purchase a home without them providing the cash for a deposit.

 

How Family Guarantee works

Your family members can use their own home's equity to provide additional security for a portion of your loan amount. This solution reduces the cash deposit you need to buy your home, and can sometimes be used as the whole deposit (ie no cash savings required from you).

By using a Family Guarantee, you avoid costly Lender's Mortgage Insurance*, so you get into your home faster, with help from your family.

* Lenders Mortgage Insurance on a $450,000 home can be as much as $18,000

 

Like to know more? Call me…

John Kraws on 0402 894 821

For a free no obligation consultation & assessment