Page 143 - Smart Money

No deposit home loans

security (as per a Guarantor Loan) and you will not require mortgage
insurance. Further, you will still be able to access other programs such as
the First Home Owners Grant and the stamp duty concession.

The bonus in this arrangement is that your parents will receive ongoing
monthly repayments and will also have access to a share of the growth in
the land value on the property. Flexibility is built in, whereby the loan
from your parents may be written off at any time as a gift. You may be
able to buy them out of their share of equity in the property, and in the
event of a sale, whether forced or not, your parents receive their share
back. They also have no obligation to take over repayments that are not
being met, or put their own home at risk.

Still need more information?

Guarantor Home Loans are a very attractive option but it is important
that all parties involved fully understand the process. We are here to
help guide you through this process. We can meet with you and your
guarantors together or individually.

1 3