Guarantor Home Loans
Guarantor Home Loans: A Helping Hand to Homeownership
For many first-time buyers or those with a smaller deposit, saving for a home can feel like an uphill battle. A guarantor home loan offers a solution, allowing family members to use the equity in their property to help you secure your dream home sooner.
How Guarantor Loans Work
A guarantor provides additional security for your loan by using the equity in their property as collateral. This support can help you:
Avoid paying lenders' mortgage insurance (LMI).
Borrow up to 100% (or more) of the property’s purchase price.
Enter the property market sooner, even with a small deposit.
Benefits for Buyers
With a guarantor loan, you can fast-track your homeownership journey without waiting to save a larger deposit. It's an ideal option for first-time buyers or anyone struggling to meet standard lending criteria.
What to Consider
Being a guarantor is a significant financial commitment. At Revolve Financial, we guide both borrowers and guarantors through the process to ensure all parties understand their obligations and risks.
If a guarantor loan could help you achieve your property goals, contact us today for expert advice and tailored solutions. Together, we can make your homeownership dreams a reality.