In particular we focus on getting the loan structure right the first time, choosing which lenders to use in the right order (yes this is important) and finally getting our clients the best deal possible.
Guarantor
Someone who provides a guarantee to a lender to assist someone else to secure a loan. Usually, a guarantor is a family member who pledges equity in a property as additional security for a first home buyer. Can also be a spousal guarantee for both security and income or if a trust or company borrower can be a director’s personal guarantee to assist the company or trust in their borrowing needs.
Guarantors are typically required by lenders to have adequate equity in their property (at least 80%) or to own the property altogether. Have a steady source of revenue. Maintain a strong personal credit score.
Learn MoreUsually, we find that guarantors stay anywhere from two to five years, depending on how quickly you pay down the loan, as well as how fast your property increases in value.
Learn More
