Oftentimes, home-buyers find it tricky to secure a 20% deposit for the purchase.
So, a guarantor can help secure a deposit and give them a bit more borrowing power.
Here's a quick explainer animation about what a Guarantor Loan is, how it works and what you should consider.
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This presentation provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances. Your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal; tax or financial advice and you should always seek professional advice in relation to your individual circumstances.
What is Guarantor Loan? (Australia)
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