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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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Lester

1 year ago

Hi John, parents guarantor home loan is suitable for your scenario. I have done this before many times. I recommended you can go with 2 years fixed rate in order to secure fixed repayments in 2 years. After 2 years, it is possible to re-value the property and we can find out if you can release the parents' security. I am happy to discuss option with you by face to face appointment. Hope to hear from you soon.

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Daniel

1 year ago

Hi John - Using your family security guaranty will help to avoid LMI - If you want to say with the big 4 - variable 2 years introductory at 3.59 while the fixed is 3.75%. However there are smaller lenders with a cheaper fixed at 3.69. Let me know if I can help. Regards Daniel

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Peter

1 year ago

Hi John Thank you for your enquiry. I am happy to have an obligation free chat with you Since it will be to your advantage to have a detailed discussion regarding all options available. Please get in touch through my page to arrange a convenient time for me to come to you for a meeting.

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Arpit

1 year ago

Hi John Thank you for your question Yes if your parents are happy to help you, then depending upon the equity available in their house, you should be able to afford the required property also at this stage hard to say since i dont have numbers around your any of the debt / if any If you want we can arrange face to face meeting and clarify things for you ?

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David

1 year ago

I forgot to mention repayments on the fixed rate of 3.69% would be $3448, on the variable 3.59%, $3406, based on the rates quoted but without fully considering your position & requirements I won’t know if these are right for you.

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David

1 year ago

Hi John, 2 years Fixed from 3.69% & variable from 3.59% but it is important to note that this is not taking your situation into account. I am happy to sit down with you & your partner at no cost to you except a cup of coffee and we can look more thoroughly at your situation. Let me know if you would like my help. Have a great day.

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Danny

1 year ago

Hi John, appears you are just short of a 5% deposit however because your parents are happy to put up their security as collateral you'd be looking at interest rates from 3.64%. If you're keen to have a chat just click on my profile and I'll give you a call to talk further, cheers!

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Allan

1 year ago

Hi John, thanks for your question. Based on current rates and lenders that are strong in the family guarantee space, you would be looking at a fixed rate between 3.72% to 3.79% and the variable rate of around 3.72%. Just remember that it is important to get a competitive rate but also get a loan product and a lender who fits with your overall requirements. I have considerable experience in dealing with family guarantee scenarios, so feel free to contact me through my Hashching profile. Good luck moving forward Allan.

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Nigel

1 year ago

Hi John - I work with a number of clients who require Guarantor loans so would be more than happy to discuss this process with you, outline who the best lenders are for this type of structure and provide you the best variable and fixed rate options. Please contact me via my profile and we can get to work!

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Matt

1 year ago

Hi John, variable rates from 3.64% and 2-yr fixed from 3.69% if it's your first home. Contact me for more information on whether these loans would be suitable for you. Looking forward to hearing from you.

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Alex

1 year ago

Dear John, Thank you for your question! As there is more to variables to consider to select a right product for you and your partner, this is virtually impossible to predict the pricing of the deal. I would like to offer you a free consultation with no commitment to discuss your options from 32 different lenders I am working with. Please let us know when would you like to meet?

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