How to release a guarantor property in 5 years without disaster

Your parents helped you buy your first home by using the equity in their property. You got into the market sooner, potentially avoided thousands in lenders mortgage insurance (LMI), and saved years of trying to build a 20% deposit yourself. But now that you're in your home, how do you actually get Mum and Dad off your mortgage? In this video, Rhienne Szabo from Trilogy Funding explains how to release a parental guarantor and their property from your home loan, what lenders need to see before they'll agree, and the steps you can take to work towards releasing your parents from their guarantee. Parental Guarantee explainer video (How some first home buyers are skipping the deposit):    • How some first home buyers are skipping th...   And here's something many first home buyers don't realise: your bank won't necessarily remove your guarantor automatically, even when you've built enough equity. The goal is to get your loan to a position where your own property can support the debt without needing your parents' property as additional security. You'll learn: What it actually means to release a parental guarantor from your home loan Why an 80% loan-to-value ratio (LVR) is such an important milestone How a $640,000 loan against an $800,000 property works out to 80% LVR Why reaching 80% LVR doesn't automatically mean your parents will be released The three main ways to build enough equity to release your guarantor How property value growth and regular loan repayments can improve your LVR over time Why making extra repayments or lump sum contributions can help you reach 80% sooner The difference between keeping money in an offset account and actually reducing your loan principal How renovations and improvements could increase your property's valuation Why spending $20,000 on renovations doesn't necessarily add $20,000 in value When paying down your mortgage could be more effective than renovating Why missed repayments or arrears could delay your guarantor release How changes to your income, employment or other debts could affect a lender's decision Why some lenders require a new credit assessment before releasing a guarantor The four steps Rhi recommends to plan and manage your guarantor exit Why you should always get written confirmation once your parents and their property have been released 📅 Want to release your parents from your home loan, or understand how a parental guarantee works before buying? Book a free finance strategy session with Rhi → https://www.trilogyfunding.com.au/fin... 📊 Topics covered: parental guarantor home loan, releasing a guarantor, guarantor release Australia, family guarantee home loan, first home buyer, bank of mum and dad, 80% LVR, loan to value ratio, lenders mortgage insurance, LMI, property equity, extra mortgage repayments, offset account, home loan refinancing, borrowing capacity, guarantor loan requirements, Rhienne Szabo, Trilogy Funding 📘 Free tools & guides: → First Home Buyer 101: https://www.trilogyfunding.com.au/fir...