October 7, 2020
What it Means to Be a Guarantor

What it Means to Be a Guarantor | Ep. 149

It's not uncommon for a bank to require a guarantor on some property transactions. But what exactly is a guarantor? Acting as a guarantor, you 'guarantee' someone else's loan by promising to repay the debt if they can't afford to. The BTF crew dissect the potential liabilities involved and what this means for future borrowing.