Posts tagged with "guarantor loans"
Parents become the fifth biggest lender to first home buyers
A growing number of parents are giving their children a leg up on the property ladder as house prices continue to rise across Australia. New research by Mozo shows that almost a third of home buyers are relying on money from their parents to buy their first home. Nationally parents had contributed $65.3 billion to […]Read More
House prices keeping young adults at home
Moving out of your parents’ place is a rite of passage that comes as you come of age. But when times are tough, it’s understandable that one may delay such a move. According to the 2016 Census, 20% more 25 – 34 year olds are still living with their parents compared to 5 years ago. […]Read More
Everything you need to know about guarantor loans
If you’re struggling to save a 20% deposit for your first home and wish to avoid spending thousands of dollars on Lender’s Mortgage Insurance (LMI), one of the most popular no deposit solutions is a guarantor loan. How do guarantor loans work? Guarantor home loans (also known as family pledges) allow you to borrow as […]Read More