DanielWard replied to the topic Difference between being a guarantor to the loan and own the loan in the forum Help Needed! 1 year, 4 months ago
On the other hand, owning the loan means you are the borrower and have full responsibility for repayment. To clarify this further, I recommend contacting a Mortgage Broker in Huddersfield. They are experts in loans and mortgages and can provide you with accurate information and advice specific to your situation. Remember, every case is unique, so…[Read more]
DanielWard replied to the topic Difference between being a guarantor to the loan and own the loan in the forum Help Needed! 1 year, 4 months ago
Being a guarantor means that you’re taking on the responsibility of repaying the loan if the primary borrower defaults. It doesn’t mean you own the loan or have any rights to the underlying assets.
DanielWard became a registered member 1 year, 4 months ago