Ten things to know about your home loan A home loan is both simple and complex. The overall concept is easy to understand. You borrow money and buy a property. You pay the loan back in small amounts over a long period of time. Within this simplicity are a million complexities. Here’s ten to think about: […]
Guarantor Home Loan
Guarantor offering cash rather than property to guarantee a home loan A typical scenario is a first (or subsequent) home buyer wanting to buy a home. They have enough cash saved to pay the purchase costs such as stamp duty, but not the deposit. A close family member, often a parent is willing to go guarantor by offering a property […]
Family Pledge Home Loan
Wanted to talk about Family Pledge loans today as I am in the middle of helping some first home buyers purchase their first home via this method.. In todays world, young people often find it difficult to save up a deposit for their first home. Pressures of renting, daily living costs etc take precedent over saving. […]