Guarantor Loans in 90 Seconds (Video)
Pending circumstances it is possible to get a home loan with a low or even no deposit and save thousands of dollars on Lenders Mortgage Insurance. Having access to guarantors is the ticket. All lenders are not created equal however and some lenders do it better than others.
Key takeaways when looking for a guarantor loan:
-Limited recourse for the guarantors
-Guarantors, understand what's going on with the kids to make them need guarantors. In most cases I see the kids are just struggling with rent and saving all at once or they're just looking for a way to save thousands of dollars on Lenders Mortgage Insurance. Both great reasons to help out where possible.