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Family Equity
Option.
The Family Equity
Option is a home
loan where a family
member guarantees a
part of your home
loan. This can be
used either for
owner occupied or
investment loan.
For those who have a
small deposit or
even no deposit, a
Family Equity
Mortgage could help
you qualify for a
home loan.
Family Equity will
give more first home
buyers the
opportunity to enter
the property market.
It also helps meet a
desire of
Australians to see
their families in a
secure financial
position.
The Options:
The main options
available under
Family Equity are:
-
Guarantors
provide security
support.
-
Guarantors
provide
servicing
support.
-
Guarantors
provide both
Servicing and
Security
support.
-
Guarantor may
take loan under
their name and
donate proceeds
from the loan to
siblings for
their property
purchase.
Benefits are:
-
By reducing your
Loan to Value (LVR)
ratio, you can
reduce or avoid
paying Lender's
Mortgage
Insurance.
-
Family Pledge
makes it easy
for a family
member to
guarantee part
of your home
loan - while
having the peace
of mind to set
the guaranteed
amount.
-
The result is
that you get
into your home
faster, with
help from your
family.
Call us on
1300 66 10 56
or
Ask for a Home Loan
Consultant to Contact
you
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