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Wilfredo

3 months ago

Hello Mary, in this request for a parental guarantee loan, it will be best if you can be interviewed first so the Loans Broker will know how to help you.

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Oktay

3 months ago

Hi Mary, having your parents being a guarantor for your loan is a great way to buy your first home. Your parents are eligible to be your guarantors regardless of whether they are working or not. Oktay

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Milan

3 months ago

Hi Mary, hope you're well. There are many lenders who do these loans but not so many that will allow the guarantor loans with the parents not working, or working part time. However, this can still be done via selected few lenders. Please let me know via visiting my page and inquiring within if you like me to help you. This isn't going to take long as long as you inquire by clicking on my profile. Note: I have done many of guarantor loans and this is on the rise in Sydney due to expensive property prices. Best regards, Milan.

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Daxa

3 months ago

Hi Mary You have no issues there. I do loans with guarators all the time.

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Glenn

3 months ago

Hi Mary, I hope you're well and thank you for your questions? There are lenders who help with family guarantee loans to help their children to purchase their first home and there are different policies for different lenders and your parents being retired or nearly retired can impact certain lenders assessment and approval of these types of loans. There are other lenders who allow a family guarantee and make the process fairly easy. I suggest getting in touch with an experienced broker to help you through the process and to make things as easy as possible? I have dealt with many clients who have used a family guarantee loan to buy their first home and if you need my help, please get in touch through my broker profile link? Kindest Regards. Glenn Rowan.

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Kumar

3 months ago

Mary, yes can be done there are number of products using guarantors to which we have access may be of interest to you, call us for details

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Zenia

3 months ago

Hello Mary, There are many products offered by the banks which can allow for your parents to act as guarantors, regardless of them being retired. It's important to know exactly the requirements of the bank you are thinking of applying to in order for a successful outcome. I have successfully put through a similar deal to yours recently. Please do advise if you would like further help.

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Indra

3 months ago

Hi Mary, thank you for enquiry through HashChing. There are many deals that help people in your situation. It’s common in the industry. Please contact me through my wall, and I will explain to you more in depth. Kind regards, Indra

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Michael

3 months ago

Hi Mary, short answer is yes. It can be done, and your parents can be retired.

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Mitch

3 months ago

Hi Mary, you're very lucky to have folks that will help you out with your first home purchase. I've helped many people in your same situation and will be happy to help you as well. Yes it can definitely be done if you're parents own their home or even if they still have a small mortgage left. Please contact me for a consultation at your convenience...

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