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MRT 2 · Guarantor Supported Mortgages
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Guarantor Supported Mortgages
How guarantor mortgages work, the guarantor’s liability, and the ILA requirement.
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Key points
Question 3
Which term matches: "Guarantor’s income included in affordability assessment; guarantor not on title but legally responsible for payments if borrower defaults"
Question 4
What does "Deposit guarantor" mean?
Question 5
Match each term in "Key points" to its meaning
Tap a term, then tap its matching definition.
Question 6
Fill in the blank
______ — Lender-specific products where family member deposits funds
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What the exam tests
How guarantor mortgages work, the guarantor’s liability, and the ILA requirement.
Question 8
True or false?
How guarantor mortgages work, the guarantor’s liability, and the ILA requirement