Guarantor Loan Calculator

Buying your first home in Australia can be tough, especially with rising prices and large deposit requirements. That’s where a guarantor loan can make all the difference. By using equity from a family member’s property as additional security, you can often borrow more, avoid LMI (Lenders Mortgage Insurance), and get into the market sooner.

Our Guarantor Loan Calculator helps you see how that could work for you. Just enter your property value, deposit, and your guarantor’s property details, and have a better idea of how much you can borrow.

Remember this is just a guide, and if you want a full assessment of your personal situation speak to our experienced mortgage brokers, free of charge.

Why use a guarantor loan?

Guarantor loans are designed to help first-home buyers and young families bridge the gap between what they can save and what they need to buy. Here’s how they help:

• No or low deposit: Buy a home with as little as 5% saved or even 0% deposit in some cases.
• Avoid LMI: The guarantor’s property covers the shortfall, saving you thousands in insurance premiums.
• Borrow more: Access higher loan amounts that might otherwise be out of reach.

Understanding how much your guarantor’s equity can support is key to making the most of this opportunity, and that’s what this calculator shows you.

Need expert guidance on guarantor home loans?

If you’re considering using a parent or family member as a guarantor, it’s important to structure the loan correctly. At Eden Emerald Mortgages, we’ll help you understand the risks, responsibilities, and benefits, and guide both you and your guarantor through every step of the process. Reach out via the form below to get started now.