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
    News
    Refinancing

    Refinancing Your Mortgage for Home Renovations

    21 Jun 2021
    Mortgage Basics

    Which Home Loans Have No LMI?

    21 Jun 2021
    Market Trends

    What Does Sydney’s Hot Market Mean for Buyers?

    27 May 2021
    News

    Fixed Mortgage Rates Likely to Rise Due to RBA Cut

    27 May 2021
    Purchasing

    Checklist of Home Loan Docs

    28 Apr 2021
    Purchasing

    Why Do Home Loans Get Rejected?

    14 Apr 2021
    News

    Why Owner-Occupied Homes May Face Capital Gains Tax

    14 Apr 2021
    News

    RBA To Review Ultra-Low Rates With Australian Property Market Hitting ...

    16 Mar 2021
    Investing

    How To Get Your Property Ready For Rentals

    16 Mar 2021
    Mortgage Basics

    How Much Income Should You Spend On Your Mortgage?

    16 Mar 2021
    Purchasing

    Everything You Need To Know About Buying A Strata Property

    16 Mar 2021
    News

    House Prices Are Likely to Increase by 30% Over the Next 3 ...

    16 Feb 2021
    Market Trends

    The Top 3 Financial Goals for Australians This Year

    16 Feb 2021
    Investing
    Purchasing

    House Auctions 101: How to Prepare Ahead & Increase Your Chance of ...

    16 Feb 2021
    Investing

    5 Key Points to Consider for Your Next Investment Property

    16 Feb 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