You Could Use It to Buy Your Own Home – Sooner and with Less Deposit!
Did you know that a close family member can help you buy your first home by using the equity in their property?
It’s called a Family Guarantee loan—an option that allows you to use your family member’s home as added security for your mortgage. That means you can get into the market with a smaller deposit and start your homeownership journey sooner.
Lower deposit required
No need to dip as deeply into your savings
You may avoid paying Lenders Mortgage Insurance (LMI)—a potential saving of thousands!
Helps you secure a home faster and build equity sooner
It’s a simple, safe, and effective way to step onto the property ladder—with the support of family.
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1. An immediate family member uses equity in their own property as security against your home loan.
2. This reduces the amount of deposit you need to pay, so you can buy your own home with less cash.
Plus, you could save thousands of dollars in Lender Mortgage Insurance.
3. Once you build up equity in your new home, your family member’s property is released!
It’s simple, straightforward, and a great way for first home buyers to purchase their own home sooner!
Stop spending your hard-earned cash on someone else’s mortgage.
Chat to us TODAY and start investing in your own future!
We can talk you through the whole process, so you can get started right away.
Your family want the best for you – and buying a home of your own is one of the best investments you can make in your future.
However, you’re much more likely to secure family support if you show good conduct with money. If you’re planning on asking a family member to help you with a guarantee, here are a few things you can do to make the process easier:
They need to be an immediate family member, which means your parents, siblings or grandparents. Any immediate family member with equity in their property can be a guarantor.
It’s possible, but we recommend you have at least a $5k deposit.
Yes, as long as you have an immediate family member with equity in their property who’s willing to support you in this way.
Once you’ve built up enough equity in your own home, you can make an application for your family’s property to be released earlier than the loan term.
Want more info on how a Family Guarantee can help you buy your own home sooner? Get in touch today and we’ll explain exactly how it works – so you can reach your goal of owning your own home sooner.
Provide us with your details and we’ll be in touch with information on how we can get you into your own home!
