We calculate realistic borrowing power based on income, expenses, and deposit.
Guidance on low deposit loans, guarantor options, and government schemes.
We compare major banks and specialist lenders that suit first home buyers.
We structure loans to reduce costs, improve flexibility, and plan ahead.
From pre-approval to settlement, we manage the process end to end.
Plain English advice so you know exactly what you are signing up for.
Buying a home without a large deposit is one of the biggest barriers for first home buyers and younger professionals. Even with strong income, rising property prices can make saving a full 20% deposit unrealistic in the short term.
A Family Guarantee Home Loan allows you to use equity from a family member’s property to support your purchase. Instead of contributing cash, a parent or close family member offers limited security using their existing property, helping reduce your Loan-to-Value Ratio.
By lowering the effective LVR, a family guarantee can allow you to buy sooner, reduce or avoid Lenders’ Mortgage Insurance, and improve lender confidence in your application. When structured correctly, this approach can significantly reduce upfront costs.
At Mortera, we treat family guarantees carefully. These arrangements affect more than one party, so the structure must protect both the borrower and the guarantor. We work to limit the guarantee amount, select lenders with flexible policies, and plan for how the guarantee can be released in the future.
Our role is to assess whether a family guarantee is appropriate, explain the risks in plain English, and design a structure that supports your long-term goals. Not every borrower needs a family guarantee, and not every property is suitable. We only recommend it when it makes sense.
A family guarantee home loan uses equity from a family member’s property as additional security. This helps reduce the loan’s LVR and may allow you to purchase with a smaller deposit or avoid LMI.
Most lenders accept parents as guarantors. Some lenders also allow grandparents, siblings, or guardians. Each lender has different rules, which we confirm before applying.
No. Guarantees are usually limited to a specific portion of the loan, not the full property value. We structure guarantees to cap exposure and plan for early release where possible.
In many cases, yes. By reducing the effective LVR below 80%, some lenders will waive LMI. This depends on lender policy and how the guarantee is structured.
The guarantee can usually be released once your loan balance reduces or the property value increases enough to meet lender requirements. We factor this into the loan structure from the start.
Mortera is available 8am to 8pm, seven days a week.
We work Australia-wide.
No obligation.
Expect a response within five minutes during business hours.
298 George St, Haymarket, Sydney, Australia
Mortera Finance Pty Ltd trading as Mortera
ABN: XX XXX XXX XXX
Australian Credit Licence: XXXXXX
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