Guarantor Loan
Buy with 0% deposit—backed by family support.
What is a Guarantor Loan
A guarantor loan lets a family member pledge equity in their property to cover the 20 % deposit portion of your purchase, eliminating LMI. The guarantee is a limited liability—registered as a second mortgage or security guarantee—and can be released once your loan falls to 80 % LVR through repayments or market appreciation.
Why Choose Money Wise for Guarantor Loans
- Limited-liability guarantee structures to safeguard the guarantor’s asset
- Full legal and discharge guidance for when equity reaches 80%
Eligibility Snapshot
- Australian citizen or permanent resident
- Guarantor with equity in a residential property located in Australia
Required Documents
- For borrower: ID, payslips, 90-day savings history
- For guarantor: ID, property rates notice, recent mortgage statement
