Saving can be hard to do when you are paying rising rents. Some people are struggling with their day to day living expenses plus rent leaving very little money to save.
A Guarantor Loan may be one way you can get into the market. If you have a family member who is prepared to become your Guarantor, you may be able to enter the property market earlier than saving your deposit.
Have too much debt? One of our lenders will allow you to consolidate up to 5% of the value of the home into your home loan which is a niche lending policy. This may mean the quality of the home you buy can be a higher amount or you may be able to buy in a nicer area, or close to the school you would like your children to attend (schools with catchment areas).
Another sweet policy is the ability to add your stamp duty to the loan amount. I must say increasing the loan amount will require you to have a good credit score and enough income to cover the loan, so please be aware of this criteria. Have a low credit score? No problems as we have a Guarantor lender who disregards your low credit score. Low credit scores can be from multiple loan applications, especially consumer loans such as credit cards, personal loans, short term lending, buy now pay later type facilities.
So if you would like to explore your options, please do not hesitate to contact me on 0403 211 361 or email hello@georgefinancialservices.com.au
