Would You Go Guarantor For Your Son or Daughter? The first thing that could happen is you could lose your own home and maybe even find yourself living on the street. As harsh as that sounds, unfortunately, it happens. Your son or daughter may lose their job or become ill and not be able to make the loan repayments. If you become a guarantor, what does it mean for you? A guarantor allows the equity in their home to be used as additional security for the Borrower’s loan. This can happen in a few different ways. All the equity in your home could be used as security or only a set amount could be used. Check the contract and ensure you fully understand what is required by you if your son or daughter can not make the repayments, for example, if you have to repay the loan in full or only in part. 👉👉 Speak with us on (1800)217 217 or for a Booking Appointment check here: https://aylwardgame.com.au/would-you-go-guarantor-for-your-son-or-daughter/ 👉👉 Find experienced immigration lawyers near you on Google maps (https://g.page/AylwardGameSolicitors?share) anytime at Aylward Game Solicitors #Guarantor #guarantorhomeloans #guarantorloans #PropertyConveyancingSolicitors