What does Guarantor means?

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What does Guarantor means?, Housing Loan

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hanhanhan	Apr 11 2017, 03:07 PM Return to original view \| Post #1
(͡ ͡° ͜ つ ͡͡°) Senior Member 1,201 posts Joined: Oct 2006 From: Kuala Lumpur	» Click to show Spoiler - click again to hide... « QUOTE(rockagal @ Apr 10 2017, 10:19 AM) Please advise. My brother & his wife are trying to purchase a new condo worth of 600k. However, their housing loan has not been approved yet. The banker has asked if he could get a guarantor to secure the loan because there is shortage of Rm600. My question is if I agree to become guarantor, will there be any issues if I want to purchase house later on? I currently have a joint housing loan with my dad, the remaining loan balance is about Rm 60k. My dad has rented the unit so I'm not paying for that house. And also, if i become guarantor will my name listed in CCRIS report? Please guide me, thanks a lot. P/S: sorry for my english being a guarantor also will eat into ur quota. it will be as if u borrow a loan eg a person can have up to maximum two 90% loans. if u become guarantor 1 time, is consider u take one loan already.
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