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HashChing is Australia’s first online marketplace allowing consumers to access great home loan deals without having to shop around. Completely FREE to consumers, HashChing connects you directly to verified mortgage brokers who can further negotiate a better rate from the lenders and save you time, hassle and money.

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Odette

3 years ago

Hi Jaime. Due to the high value of the properties in my area, I've done a fair number of family guarantee loans and love doing those. If you are in Sydney, I would love to help you also.

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Guido

3 years ago

Hi Jamie Thank you for your questionAs the others already mentioned, there are difference lender with different requirements for guarantors. Important is your parents fully understand what they are going into it and the consequences if you and your partner should default.Some lenders do not request a serviceability of the guaranty amount from your parents, just if there is enough asset to pay without losing their home.We typically recommend that guarantor takes legal advice before they sing a contract, which includes their residential property If you have more question, please do not hesitate to contact me via the profile page.

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David

3 years ago

Hi Jaime, Most brokers can offer similar products, whether it be Rams or someone else is likely irrelevant. The key is to ensure you are getting what you want out of the loan product that has been recommended and that the loan is structured to best benefit you. Cheers,David.

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Colin

3 years ago

Hi Jaime. Thanks for your enquiry. While there are a few lenders that provide "guarantor loans" where your parents can assist you with a new purchase, there are some important differences with "how" they do this to consider. If you are based in Melbourne and would like more detailed info, please feel free to contact me and I can go though the "nuts and bolts".

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Morris

3 years ago

Hi Jamie, your application for a new home loan should be straightforward for more options and a quick assessment on your ball into the city etc please make contact using my profile thank you

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Andrew

3 years ago

Hi Jaime, a number of lenders allow parents to provide guarantor security to assist their children with buying their first home. If you are in Perth / WA, I would be happy to provide some comparisons regarding rates and fees across those lenders.

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