The Family Pledge home loan is a flexible alternative available to people who are struggling to save for their first home, their next home or an investment property. This allows them to get into the housing market sooner by receiving assistance from a family member(s). This option allows the banks to secure a guarantee from the family member(s) by using the equity in their property.
Contribution = 80% of the value of their new house $240,000
Security Deposit = 20% of the value of the house that John & Jane are purchasing is $60,000
If you would like more information about Family Pledge Home Loans please fill out the form below and one of our team members will be in touch as soon as possible.