Guarantor Home Loans
Guarantor Home Loans - talk to QE Loans on the Sunshine Coast & Mackay for expert advice.
The experts at QE Loans do all the hard work for you, to find you the right home loan. Get expert lending knowledge at no extra cost.
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Guarantor Home Loans
Guarantor Home Loans - talk to QE Loans on the Sunshine Coast & Mackay for expert advice.
Help me find a home loan.
Home Loan Solutions - Australia Wide
Where ever you’re situated in Australia, speak to the expert mortgage brokers at QE Loans for great lending solutions.
A guarantor can considerably change your home loan options.
If obtaining a home loan is challenging to obtain, having a Guarantor change your options significantly. Talk to the friendly experts at QE Loans (Sunshine Coast & Mackay) about your options. We will explain everything to the borrow and the guarantor, ensuring everybody is comfortable with their obligations. Then we’ll find you the right lender, the right loan and take you through the full process.
What is a Guarantor Home Loan?
How does a Guarantor Home Loan work?
Typically, to purchase a property, you need a 20% deposit plus additional costs like stamp duty. If you’ve saved less than this, such as 10%, you’ll likely need to pay lenders mortgage insurance (LMI) to cover the lender’s risk in approving your loan.
With a guarantor, they can help you reach that 20% deposit, enabling you to qualify for the loan, buy the property right away, and avoid paying LMI. The guarantor provides security for that portion of the loan and is released from their obligation once their share of the loan is repaid.
When is the guarantor released from their obligation?
A guarantor can be released from their obligation on your home loan once your loan amount is reduced to 80% of the property’s value. This can be achieved by either paying down the debt or by the property value increasing. Talk to the helpful team at QE Loans in Mackay or the Sunshine Coast about all of the details.
Finding the right lender can be a needle in a haystack,
unless you know what you're looking for. That's where we come in.
QE Loans on the Sunshine Coast and in Mackay do all the hard work for you, applying expert knowledge to find the lender who best suits your unique circumstances. We even manage the application for you. Our goal is to save you both time and money.
