What is the guarantor process for parents?
Some borrowers use a family member, often a parent as a guarantor to help secure a home loan. This video explains how the guarantor process works for parents, what the guarantor is committing to, and the risks and implications involved.
How does the guarantor process work?
What a guarantor is committing to legally and financially
How guarantor loans help borrowers access larger loans or lower deposits
The risks for the guarantor if the borrower defaults
When guarantor loans make sense and when alternatives might be better
If you're considering being a guarantor for a family member—or if you're a young borrower exploring whether a parent could guarantee your loan understanding what's involved matters. A guarantor arrangement affects both parties' financial positions, so it requires careful thought.
Learn more about our financial planning services to discuss guarantor options with our team.
Video details
Understanding the option of a guarantor loan.
