Jun 11 2017

Guarantor Home Loan Calculator: Mortgages With A Guarantee #home #loan #refinance

#home loan calculator

Tips for your situation

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How does this calculator work?

This calculator is designed to help you work out the size of the limited guarantee and also to work out if you are likely to have trouble obtaining approval with some lenders.

Unlike with a standard home loan, the banks all have very different policies for guarantor loans. As a result many people approach their bank, only to be declined because of a lending guideline that doesn t even make any sense!

This is why it is important to find out how the banks will view your application. Applying with the right lender first time around prevents you from damaging your credit score by having too many unnecessary enquiries on your credit file.

Learn more about guarantor loans

We have written a comprehensive guide to guarantor loans which explains everything from the types of guarantor loans available, to limiting the size of the guarantee and even how to borrow more than 100% of the purchase price!

We can help!

If you would like to speak to a mortgage broker who can help please call 1300 889 743 or enquire online and one of our specialist brokers will contact you to discuss your situation.

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