Parents can get their kids a home without risking theirs!

Almost half of first home owners get financial help from a parent. That makes “The Bank of Mum and Dad” one of the biggest lenders in Australia.Usually it’s an informal loan, a gift, or asking your parents to be a guarantor for the loan. But loans and gifts can get complicated and guaranteeing a loan can risk your parents’ home. Now there’s a better way. It’s a loan that removes the stress and tension of family loans and helps you into a new home sooner.

The real world benefits are:

1.Parents are paid back over time or when the house is sold or refinanced, including their share of any investment growth. 2.Parents don’t have to become a guarantor, so children are not asking them to risk their family home. 3. The new home buyer still gets access to the First Home Owner’s Grant and any stamp duty concessions. 4.Because you’ve contributed a larger deposit you could save paying thousands of dollars in mortgage insurance.

The new buyer gets a little more financial muscle, which means they’ll have more choice to buy something bigger, somewhere better or maybe even something closer to the family. 4. And remember, things happen in life. Whatever changes occur down the track, parents have official protection over their money.

Most importantly, a Parent Assist Home Loan removes the stress and emotion of borrowing money from a parent.

How about we discuss the possibility of this with your family?