Personal Guarantee, Reverse Mortgage & Loan Review
Understand your risks before you commit
Banks and lenders often require personal guarantees or co-signers on business loans, mortgages, and credit facilities. Before you put your personal assets at risk, get independent legal advice to understand exactly what you’re agreeing to.
What type of agreements We Review
Personal Guarantees
- Scope of your personal liability
- What assets are at risk
- Joint and several liability with other guarantors
- Conditions for release from the guarantee
Co-Signing Arrangements
- Your obligations if the primary borrower defaults
- Impact on your credit and borrowing capacity
- Rights to information about the loan status
- Options for protecting yourself
Loan Agreements
- Interest rates and payment terms
- Default provisions and acceleration clauses
- Security interests in your property
- Rights and remedies of the lender
Key Questions We Address
What am I really signing up for?
We explain your obligations in plain language and what scenarios could trigger your liability.
How does this affect my other assets?
We identify what property is at risk and discuss strategies to protect your other assets.
What happens if they can't pay?
We walk through default scenarios and explain exactly what the lender can do to recover from you.
Can I get out of this guarantee later?
We explain release conditions and when guarantees typically end.
Common Situations Requiring ILA
- Spousal guarantees for business loans
- Parental guarantees for children's mortgages
- Business partner guarantees for company financing
- Co-signing student loans or credit facilities
- Second mortgages and home equity loans
Our Process
Book your Consultation
Fill out the form on our website to start the booking process.
Meet a lawyer
A lawyer will review the information you submit and prepare for the meeting.
Written Advice
Detailed letter explaining our recommendations and certificate of independent legal advice.
Secure Upload
Submit the financial documents through our encrypted portal
Document Review
agreement
Virtual Consultation
5–30 minute video meeting to discuss your ILA
Written Advice
Detailed letter explaining our advice and certificate of independent legal advice
Pricing
Service
Price
Standard Guarantee Review
$200
Linked Facilities
Custom pricing
Rush Review
Additional $100
(within 2hrs)
Why Choose Independent Legal Co.?
Focus
We focus exclusively on independent legal advice – it's all we do.
Fast & Efficient
Most consultations completed within 4-48 hours. Rush service available for urgent matters.
Virtual-First
Meet from anywhere via secure video call. Upload documents safely through our encrypted portal.
Transparent Pricing
Fixed fees with no surprises. Know exactly what you'll pay before you start.
Truly Independent
We work for you alone. No conflicts of interest, no divided loyalties.
What Our Clients Say
