Page 9 - Mortgage Choice Peregian Beach Case Studies

FIRST HOME BUYERS – WITH SECURITY
GUARANTEE FROM PARENTS!

Problem

• Young couple had a $20,000 deposit and wanted to buy a home. They were earning
good income and were keen to get into the property market and stop paying rent.

Solution Outcome
• Mum and Dad had an investment • The couple borrowed the purchase price
property that they were happy and are now in their own home paying only
to offer as security guarantee $25 more a week in mortgage repayments
for the couple. This meant the than they had been paying in rent
couple saved by not paying • We are working on a 5–year plan with the
lender’s mortgage insurance. couple to release their parent’s investment
• The parents offered a $100,000 property from the security guarantee.
security guarantee (secured against This will be possible by a combination of
their investment property) 1) the couple repaying the debt and
2) the couple’s home increasing in value.

“A fantastic team who made the purchase of my first home seamless! Great communication and they were
always there to help. I would definitely recommend them!” Lindsay