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Understanding Loan Options

What type of borrower are you? An Individual, trust or company?

What's the difference between borrowing your home loan in your personal name, in a trust, or company? We explain the differences here.

Home loans are not only taken out by individuals. When obtaining a home loan, you will be able to borrow the funds and have the assets registered to you as an individual, a trust or a company.

Each owner type (individual, trust or company) has different levels of due diligence and requirements which will need to be confirmed with the lender providing you with funds. The below is a brief explanation of these three types of borrowing entities.

Individuals

Trusts

Companies

Before deciding how to best structure your home loan, get professional advice from your lawyer and accountant to understand which would suit your personal circumstances best.

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