{"id":3996,"date":"2018-01-01T12:52:16","date_gmt":"2018-01-01T17:52:16","guid":{"rendered":"https:\/\/www.zolo.ca\/news\/?post_type=encyclopedia&#038;p=3996"},"modified":"2021-08-03T18:31:42","modified_gmt":"2021-08-03T22:31:42","slug":"guarantor","status":"publish","type":"encyclopedia","link":"https:\/\/www.zolo.ca\/blog\/glossary\/guarantor","title":{"rendered":"Guarantor"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">A guarantor is a person (or company) that takes legal responsibility for a debt, should the owner default on the debt. In real estate, a guarantor is someone who does not live in or own the property but will guarantee to pay for the owner&#8217;s debt in case of default on payments.&nbsp;People who have poor credit scores, limited credit history or are seen as a financial liability to lenders are typically required to get a guarantor in order to get approved for a mortgage loan.&nbsp;<\/span><\/p>\n<div class=\"grammarly-disable-indicator\"><\/div>\n","protected":false},"author":22,"template":"","meta":[],"class_list":["post-3996","encyclopedia","type-encyclopedia","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/encyclopedia\/3996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/encyclopedia"}],"about":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/types\/encyclopedia"}],"author":[{"embeddable":true,"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/users\/22"}],"wp:attachment":[{"href":"https:\/\/www.zolo.ca\/blog\/wp-json\/wp\/v2\/media?parent=3996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}