Guarantor Home Loan

What is a Guarantor Home Loan?

A guarantor home loan allows family members or, in some cases, someone else who is close to you, to ‘guarantee’ a loan. This means they will be responsible for paying back the loan if you can’t. A guarantor usually has to offer equity (such as a percentage of their own home) as security for part or all of your mortgage.

For a guarantor home loan you would borrow an amount from a bank and repay it, but the guarantor’s equity essentially acts as additional collateral should something go wrong, which means the bank could take possession of it if your guarantor also can’t meet the repayments.

Loan

Find out how much you can borrow

Please complete this 3 minute form & provide us with your brief financial background. We will then come back to your within the next 24 business hours with an estimated range of your borrowing capacity

FAQ’s

What’s involved in obtaining a loan through Intuitive Finance?

Process begins

Step 1
Consult

Initial consultation (via the phone, skype or face to face) where we establish your motivations and requirements

Step 2
Gather

Information gathering to confirm your financial status

Step 3 Review & Strategise

Clear and detailed review of your financial position with a suggested proposal for you to consider including an assessment of the best and most appropriate deals available

Step 4
Agree & Implement

Complete the necessary application paperwork including follow-up negotiations with lenders and adjustments if necessary

Step 5
Complete

Finalise approval (s), arrange formal paperwork to be signed

Step 6
Settle

Coordination of the settlement process
Process ends

The 8 Things First Home Buyers Need to Know About Finance

Download this handy guide that the team at Intuitive Finance has put together for you.

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