Owning a home is one of the greatest dreams many of us have in our lifetime. But it’s not that straightforward when you have to save anywhere around 10% to 20% for a deposit, as well as shell out stamp duty and legal fees. It seems as if owning a house is exactly that; a dream.
Considering these vital issues, some financial institutions have introduced a range of diverse family equity home loan products. These products offer you a solution in accumulating the extra money you need to purchase your first home. A family equity home loan offers you an extensive range of financing options that will support you in securing a home loan.
Some family equity home loan facts:
A family equity home loan is a wonderfully accessible option that allows you to enter the property market with the help of family. Customers receive assistance from family members who act as loan servicing or security providers.
Own a home through family equity home loan and minimise the worry about property prices that are changing with every passing day faster in comparison to your savings.
There are many ways you can structure your family equity home loan and they all have different legal implications. It is crucial to discuss these aspects with someone who is qualified to provide financial advice.
Feel free to speak to George, your family equity loan broker in Brisbane, today about this terrific option!
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