Many parents get just as excited about their children’s first home purchase as the “kids” themselves.
They’re often involved in helping select the property and providing advice. A facility is available which enables parents to help with the purchase at no direct cost to themselves. A “Family Guarantee Loan” enables parents, or another family member, to use their own home as security for up to 20% of the new home.
This can be an invaluable aid to younger family members making the big step of buying a home.
This is an easy and cost-free way to assist your family into their first home.
We help many families with these types of loans, so please give us a call for more information on 1300 855 244