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What is a Family Guarantee?

Your parents or immediate family members can help you if your financial situation does not appear secure enough for the lender.

​Acting as a security guarantor means they mortgage their property as additional security for your home loan.

​Having a guarantor may allow you to borrow more money or possibly avoid paying Lenders Mortgage Insurance all together.

​There are important considerations for both borrower and guarantor when considering a Family Guarantee. We encourage both parties to obtain independent financial and legal advice when considering this as an option.