Many people dream of owning an investment property for financial security. Rising property prices, as well as increases to the cost of living can make this hard. But that does not mean you can’t achieve your goal of buying an investment property. Using a guarantor on your investment loan can help turn your dreams into a reality.
What is a guarantor loan?
A guarantor loan is when you apply for a loan and use someone else’s property as security. Many people choose their parents to be their guarantors.
Can I apply for this type of loan?
Using a guarantor can make it easier to successfully apply for an investment loan. But using a guarantor also makes the application process harder. Why? Many banks have very firm rules about guarantor loans. Their rules are even tougher for investment guarantor loans. It is usually much less difficult to get this type of loan for an owner occupied property.
Using a finance broker can make all this much simpler. At Sutherland Shire’s Bee Finance Savvy, we know all our lenders policies regarding guarantor loans.
How can Bee Finance Savvy help you?
Having an in depth understanding of these policies means we will know which of our 30+ lenders is most likely to approve your application. We also know how to best present your application to further increase your chances of success. We will never submit an application on your behalf unless we are confident of success. This means that we avoid placing any unnecessary marks on your credit file.
What should I do now?
If you want to buy an investment property, but you need to use a guarantor, call Bee Finance Savvy. Desiree will talk to you about your goals, needs and circumstances. Additionally, she’ll give you an upfront assessment of your situation – for free!
You can call Desiree for a free consult on 1300 140 554 or 0455 131 937. You can also email her at firstname.lastname@example.org
Would you like to read more?
If you would like to see what some of our happy clients have to say about us, you can read our WOMO reviews. www.wordofmouth.com.au/reviews/bee-finance-savvy-miranda