Articles

How long do I have to stay as guarantor on my children’s loan?

Thursday, August 20, 2015

Once the loan has been reduced by the amount of the family guarantee, the Guarantor may wish to be released from their obligation. This can be done in a combination of ways:

  • Via paying down the loan
  • an increase in property value which reduces the Loan to Value ration (LVR)

Please contact Russel Shaw, one of our credit advisers, for more information.

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