Posts tagged benefits
Loans Series #3 Guarantor Loans

The cost of buying a home currently takes 7.2 times the annual income of a typical household – up from 4.2 times 15 years ago. In this way, it has become challenging to save up a sizeable deposit for a home loan, especially when paying rent.

However, there is an option for first home buyers to get onto the market much sooner than expected: get a family member to act as guarantor for your home loan!

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