Guarantor Loans: Know What You’re Signing Up For | No BS With Birchy | EP 164
On this episode of No BS With Birchy, join Nathan Birch as he shares his raw and honest thoughts on Guarantor Loans and helps to unpack how some of the risks are not known or even spoken of when first home buyers are considering Guarantor Loans.
Tune in as Nathan recalls realistic conversations with clients and how he was able to help them truly realise some of the risks posed to their loved ones. With very little talk of what can go wrong, this is an episode you’ll want to listen to and share with anyone considering going Guarantor for their first home purchase.
Show Notes:
01:04 – Nathan breaks down Guarantor Loans from the top
03:47 – Thinking logically and asking questions – real client conversation
06:24 – Questions and scenarios your broker might not pose to you
07:56 – B.Invested clients don’t have guarantor loans
09:16 – There are other options than a 20% deposit
09:56 – 9/10 times it’s better to leave out the FHBG
10:15 – Always think – what will this property achieve for me?
11:11 – Nathan’s honest thoughts on the Guarantor loan approach
Listen to this week’s episode while you’re running an errand or on the road here.
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