Guarantor home loans – does the guarantor have to be related to me?
The short anwser to this question is NO. Many lenders have strict requirements about the type of relationship that needs to exist for someone to be the guarantor for a loan. However, if you have a guarantor that is not related to you contact your Home Loan Warehouse mortgage broker. These loan will let you borrow 100% of the purchase price and in some cases 110% of the purchase price.