The Family Equity Loan allows family members to use the available equity in their home or investment property to provide additional security to help cover any borrowing shortfalls between the deposit and loan amount.1

 

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Important Information:

1. Family members who can provide their property as security include parents, grandparents, siblings, sons and daughters. The Family Equity Loan is not available for existing loans, refinances or investment property purchases. A Registered First Mortgage over purchased property and family member's property is required.