A brand-new way to get a home loan from your parents, without putting their home at risk.
OOoOo so you make things official and save me cash?
Don’t take years to save a deposit. Your parents can help you get loan approval today. It’s a new, and official, way at looking at a loan from your parents.
Tell me how it works!
Your parents loan you up to 20% of the cost of your new home. Then you repay them, like any other loan, but at half the rate of your mortgage. Or, when you sell your home, you pay your olds back including their share of any investment growth. Nifty.
That perked me up, are there any other perks?
You know us so well. There are so many sweeteners with Parent Assist:
No guarantor needed
Your parents won't have to risk their home to help you get into yours. Phew.
Save cash money
You still get the First Home Owners Grant and stamp duty concessions. Oh, and the cherry on top, you save thousands on mortgage insurance too.
Turn your parents ‘no’ into a ‘yes’
I mean, it’s a transparent and structured loan. How could your parents not say “done deal”?
Make your first home your dream home
You’ll be in a better financial situation. So if you want a bigger block or better location, it’s yours. Don’t settle.