This shouldn't be a problem considering that some of our lenders can still secure a guarantee on the guarantor's property, provided that they have sufficient equity.\rLenders normally use a second mortgage to do this.\rHowever, lenders will only consider this if the total debt secured on the guarantor's property is less than 80% of the value of their property.\rFor instance, your guarantor has a mortgage with $150,000 owing and they need to give a limited guarantee of $100,000. The total debt secured on their property will be $250,000.\rTo be eligible for a guarantor loan, their property needs to be worth at least $312,500.\rYou can use our Guarantor Loan Calculator to help you work out how much equity you have in your property.\r