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About Me

Ditte Westbury

Mortgage Broker
Viking Mortgages
Noosaville, Queensland
Mortgage Broker at Viking Mortgages

My Activity

Q: When you get pre-approval from a lender, how long is this usually valid for?
A: 90 days
Q: How does a guarantor home loan work? We have a 10% deposit which needs to include costs for stamp duty, expenses, etc. This is not quite enough and we are interested in the guarantor option.
A: Guarantor loans is where a second loan has security taken on your parents home. (Only for the small amount needed for the deposit)Usually you would pay this off as quick as possible. In many cases it is for the 20% deposit plus costs.