Buying your first home? We make it simple
We take the guesswork out of the process, help you get approved fast, and make sure you get the best loan for your needs.
How a guarantor loan works
Struggling to save a 20% deposit? A guarantor loan could help you buy your home sooner and with fewer upfront costs.
A guarantor (usually a parent or family member) offers part of their home’s equity as security for your loan. This reduces your deposit requirement and can even help you avoid Lenders Mortgage Insurance (LMI), saving you thousands.
Buy with a lower deposit
In some cases, as little as 0-5%, helping you get into the market without needing years of savings.
Avoid paying lenders mortgage insurance
Skip the extra cost added to your loan and avoid paying interest on it for decades, saving you thousands.
Increase borrowing power
A guarantor can help you qualify for a higher loan amount, better rates and access more property options.
No cash outlay for the guarantor
Their equity is used as security, but no money changes hands.
Expert guidance at no cost to you
We structure the loan to protect you and your guarantor.
Built-in exit strategy
We help you release your guarantor as early as possible, often within just a few years.
The right loan, structured to protect everyone
A guarantor loan can be a great strategy, but only if set up correctly. We make sure it works for everyone involved.
Limited security guarantee
Only part of the guarantor’s equity is used, reducing their risk.
Exit strategy in place
We structure the loan so the guarantor is released as soon as possible.
Fast approvals & stress-free process
80% of our loans are approved within 10 days.
The biggest mistake
borrowers make
Many first home buyers don’t realise they have guarantor options or they assume it’s too risky for their parents. The truth? With the right loan structure, guarantor risk is minimised, and you get into the market sooner.
We make sure you get:
The lowest deposit possible while keeping your guarantor protected
A competitive rate that saves you money
A loan strategy that helps you release your guarantor sooner
We simplify the entire loan process, from deposit options to lender choice, so you can buy with clarity, confidence, and a plan that works.
What out clients say
I’ve had an outstanding experience with OpenCorp. The whole process was seamless from start to finish. The team were professional, knowledgeable, and supportive throughout every stage. They made the entire journey, from finding the right property, securing finance, right through to property leasing and management, completely stress-free.
Michael
We have 2 properties with Opencorp. They have a team of superstars ready to answer anything that needs addressing. Our experience was smooth and stress free, exactly what you want when starting out on an investment journey. Exceptional service 10 out of 10 and we have absolutely no hesitation in recommending Opencorp to anyone looking to start or build on their investment property journey.
Elise
Adrian
How to get a guarantor loan step-by-step
Buying a home with a guarantor? Here’s how we make the process simple and stress-free
Guarantor loan FAQs
Who can be a guarantor?
Typically, parents, family members, or close relatives with enough equity in their home can act as a guarantor.
Does my guarantor have to give me money?
No, they’re offering their home’s equity as security, but no money changes hands.
How much equity does a guarantor need?
Most lenders require the guarantor to have at least 20% equity in their home.
How long will my guarantor be on the loan?
It depends on your repayments and property value. We structure your loan so they can be released as soon as possible, often within a few years.
What happens if I can’t make repayments?
If you miss repayments, your guarantor could become liable. That’s why we make sure your loan is affordable before you apply.
Can my guarantor be removed from the loan later?
Yes! Once you’ve built enough equity, we help you refinance and remove the guarantor.
Do all banks offer guarantor loans?
No, some lenders are more flexible than others. We match you with the right lender for your situation.
Can a guarantor be on multiple loans?
It depends on their financial situation, we’ll assess this before applying to ensure they aren’t overexposed.
What’s the biggest risk to my guarantor?
If you default on your loan, they may have to cover the guaranteed amount. That’s why we set up a limited guarantee, reducing their risk.
What’s the biggest mistake people make with guarantor loans?
Not structuring the loan correctly. A poorly structured guarantor loan can tie your guarantor to your debt for years, we make sure that doesn’t happen.
Start your home buying journey with a guarantor loan
A guarantor loan could get you into the market years sooner without the extra costs. Let’s set it up right.