In Your Interest

Can a Family pledge loan help you own your home sooner?

Record low interest rates have been a double-edged sword for first home buyers. They’ve made loans more affordable, but they’ve also placed a lot of upward pressure on property prices, making a deposit harder to achieve. In an increasingly competitive property market, where even getting a foot in the door can be a struggle, young homebuyers looking for their first home may find an opportunity with family guarantee home loans. A Family pledge loan, or Family guarantor loan, can be an attractive proposition to parents looking to support their children to get onto the property ladder. These types of loans allow young borrowers to use the equity in a family member’s home as security on a set por

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interest rates

The comparison rate provided is based on a loan amount of $250,000, term of 25 years, principal & interest repayments. It only applies to the examples given. Different amounts and terms will result in different Comparison Rates. 

Owner Occupied 2 year fixed rate

Starting from

2.19

%

p.a

Comparison Rate *

2.39

%

p.a

Investment 2 year fixed

Starting from

%

p.a

2.49

Comparison Rate *

2.74

%

p.a

*

T 0402 684 199

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