I have a feeling I know the answer, but I would really welcome some more expert opinions.
If I was to go guarantor for a loan for a family member; would the bank consider this commitment to be the same as any other loan I have when it comes to working out servicability and equity on any future loan I apply for?
I am wary about going guarantor if it means it will be harder to get loans for future projects.
Anyone been in this situation?
Or heard any info that may assist me?
If I was to go guarantor for a loan for a family member; would the bank consider this commitment to be the same as any other loan I have when it comes to working out servicability and equity on any future loan I apply for?
I am wary about going guarantor if it means it will be harder to get loans for future projects.
Anyone been in this situation?
Or heard any info that may assist me?