fbpx
1300 416 700
Home Loan Types The Team Calculators Learning Our Difference Get in Touch

Guarantor Loan

Guarantor Loan

Don’t put your property dreams on hold…

Struggling to save a deposit? With a guarantor loan you may be able to borrow up to 105% of your property’s purchase price.

If you have someone in your life who can act as guarantor, a third-party home loan could be the perfect option for you. And the great news is, we know from experience that many people can remove the guarantee in 3 – 5 years.

At Shore Financial we have access to over thirty different lenders so you can rely on us to find the loan that’s the right fit for you – with the lowest possible rates.

Calculators

Buying your first home can be tough. We get it.

At Shore Financial we have access to over thirty different lenders so you can rely on us to find the loan that’s the right fit for you – with the lowest possible rates.

What is a guarantor loan?

Many lenders allow a family member to help you to buy your own home by providing additional security. The person providing this assistance is known as a guarantor.

A guarantor allows the equity in his or her own property to be used as additional security for your loan.

Guarantors are generally limited to spouses or immediate family members. To use a guarantor, you must be able to service the entire loan on your income.

Does a guarantor need to secure the entire loan?

No, they don’t; some lenders will allow a limited guarantee.

A limited guarantee simply means the guarantor only needs to secure a part of the loan, rather than the entire amount. This will benefit the guarantor from unnecessary risks, as they won’t be liable for the entire loan.

How do I get started?

Without a doubt, the best way to find the home loan solution that is right for you is to have a talk with one of the team at Shore Financial. In a free, confidential consultation we can help you find a solution that is best fitted to your unique circumstances.

If you decide a guarantor home loan is something you’d like to explore, you can start the conversation with your family member.

We always recommend that anyone considering being a guarantor for a property loan should seek independent legal and financial advice before accepting the role.

And remember, if a Guarantor Loan isn’t for you, there are still plenty of other options to consider. Learn more about low deposit home loans.

Shore Financial can help you
hit your property goals




    Brokers work for you

    At Shore Financial, we’re passionate about helping our clients build wealth through property. And that starts from your very first property. Tailored customer service, better than you’ll find with any other broker, is our promise to you.

    We’ll also be by your side through the buying journey, making sure you understand the process every step of the way. Our success is tied to your prosperity – so you can be assured that your best interests are our number one focus.

    Learning

    Content you might be interested in

    category
    First Home Buyers
    Guides
    Investing
    Mortgage Basics

    How to boost your credit score this year

    17 Jan 2022
    Guides
    Refinancing

    Is it time for a home loan health check?

    17 Jan 2022
    Market Trends
    News

    Are We Nearing the Peak of the Property Boom?

    17 Dec 2021
    Market Trends
    News

    Property Prices Have Grown at the Third-Fastest Rate Since 1880

    17 Dec 2021
    Purchasing
    Refinancing

    Intelligent Credit at Shore Private

    3 Dec 2021
    Investing

    Is Now The Right Time To Fix Your Interest Rate?

    19 Nov 2021
    Investing

    Property Rents Are Rising At Their Fastest Annual Rate Since 2008

    19 Nov 2021
    Market Trends

    Is a Home Loan Crackdown Coming?

    21 Oct 2021
    Market Trends
    News

    Surge in Spring Availabilities Fade

    30 Sep 2021
    Mortgage Basics

    Mortgage Pre-Approval 101: Are You Locked Into One?

    13 Aug 2021
    News

    How the Sydney Lockdown Will Affect the Property Market and ...

    13 Aug 2021
    Purchasing
    Refinancing

    Shore Private – Our New White Label Product

    31 Jul 2021
    Guides
    Purchasing

    NSW Property Tax Proposal – All you Need to Know

    19 Jul 2021
    News
    Refinancing

    Refinancing Your Mortgage for Home Renovations

    21 Jun 2021
    Mortgage Basics

    Which Home Loans Have No LMI?

    21 Jun 2021

    AUSTRALIA'S NUMBER #1 BROKERAGE

    Take comfort in the fact that we are number one where it matters most.

    #1 Independent Mortgage Brokerage

    Being Australia’s #1 independent brokerage, we provide you with the scale, strength, and experience to fight for the best deal and acquire it for you.

    #1 ‘Most Likely to Be Recommended’ by Real Estate Agents

    Excellence recognises excellence. Master real estate agents who know the industry, need timely finance solutions, and five-star service for their clients all recommend the Shore expertise.

    #1 Most Loved Mortgage Brokerage in Sydney

    Shore takes pride in having the highest customer feedback scores in the industry, based on real customer data.

    Customer Reviews

    Hear from our happy customers