Guarantor mortgageFronting up with a decent deposit seems like an impossible task when you’re in the midst of saving. But there are ways to get you to your goal quicker. Have you heard of a situation where someone’s parents ‘go guarantor’ to help them buy their first house?

Our latest video takes you through all the basics:

The guarantor arrangement is quite simple really – rather than using cash as your deposit, the equity in someone else’s property (often your parents’) can be used instead. There are a few hoops to jump through, but it can be a really solid option to help get a mortgage.

If you want to know more about what’s required to go guarantor, take a look at our blog, or give me a call if you’ve got any questions about it.

About Campbell Hastie

Cam is one half of Auckland based mortgage brokers, The Go 2 Guys.

He makes a living by sharing what he knows about mortgages with people, arranging mortgages for people and then insuring people.

He doesn't claim to know everything about mortgages himself which is why he teamed up with David Mercer — hence the ‘2’ in Go 2 Guys.

He writes posts regularly on his blog and has been told he has an ability to share his knowledge in a simple and sometimes memorable way.

Feel free to comment and ask any questions. Contact Campbell Hastie m: 027 697 7789.

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