Quote:
Originally Posted by huggy_b
And Sam may have ways to circumvent it, but I'm sure having your parents as guarantor affects your FHOG eligibility since they are already home owners?
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No it doesnt effect it, they are only there if you cannot repay the mortgage, it doesnt effect your personal credit rating or anything, 99% the guarantor never has to come into effect (repay the mortgage) thank goodness!
EDIT: I had to look in to this as I was considering going Guarantor for someone.