Family Equity Loans – What are they?
If you are just starting out in life it can be difficult to save a deposit and obtain a home loan for a property purchase.
Often, those looking to enter the real estate market for the first time ask their family to help them increase their borrowing capacity and back them up financially.
The benefits of accessing family equity to purchase a home are many. For example, you may be able to buy real estate sooner, avoid paying Lenders Mortgage Insurance and maximise the amount you can borrow.