parental pledge Archives - Pearl Financial

Tag Archives for " parental pledge "

Apr 16

Get Into Your First Home Faster With A Family Guarantor

By Shane | First Home Buyer

Get into your first home faster with a family guarantor. It can be looked at as a no deposit home loan because you can have a family member to go as your guarantor without them actually providing cash for a deposit. They can use the equity in their family home as a guarantee.

The family guarantee allows parents and immediate family members to use their own home’s equity to provide additional security for a portion of the loan amount. It offers a solution which is particularly useful for first time home buyers. Not only that it reduces the loan to value ratio but also save you a significant amount of money by avoiding the need to pay Lenders Mortgage Insurance (LMI).Continue reading

Feb 27

The Pros & Cons Of Family Guarantee Loans

By Shane | First Home Buyer , Guarantor

Home ownership may be more difficult to attain as compared to previous generations. Many Australians are putting off buying their first home until later in life. With the overall homeownership rates across the nation have been dropping since the mid 90’s, it seems like an uninviting scenario. But still, don’t get discouraged for there are still solutions available and it isn’t just a matter of saving more or for longer to have a larger home deposit.Continue reading

Sep 11

How a pre-approval can help you move on your first home fast

By Shane | First Home Buyer

The idea of being a homeowner generates so much emotion, not to mention hopes and dreams. However, a rapidly rising property market and changing expectations may be making it harder to get you into your first home. It is crucial that first homebuyers look at their first purchase as a way to get into the market, which they can leverage off to make a second purchase.

A crucial step in the process of purchasing your first home is arranging a pre-approval. Continue reading

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