Guarantor Loan

Sometimes known as Family Guarantor or Family Pledge Loans, a guarantor loan is a loan whereby additional security is offered by a 3rd party individual, such as parents or other siblings.

These are great for people that have little or no savings, but have the income to be able to pay a home loan. It can allow them to borrow the full purchase price of the home they are looking to purchase, as well as potentially consolidate any other loans they may have.

A large number of lenders will agree to guarantor loans under specific circumstances, this will be dependent on individual lender policy.

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