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Family Pledge Loan

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Gateway’s Family Pledge Home Loan allows family members to use the available equity in their home to provide additional security to help cover any borrowing shortfalls.

In fact we lend up to 105% of the new property value to cover additional expenses such as stamp duty and legal fees – helping your family have a good start to home buying.

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Gateway Family Pledge can save them a significant amount of money, by avoiding the need to pay Lenders' Mortgage Insurance.

Plus, unlike some other financial institutions, Gateway’s required guarantee can be limited to a specific amount, which could allow the guarantor’s security to be released once the LVR on the borrower’s security falls below 80%.

What you can do by taking the Family Pledge

  • Help family into their own home
  • Remove the need for Lenders' Mortgage Insurance (LMI)

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