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Builders
Promotion
We use our relationships to be the gateway between the builder and or developers and the lenders together with your own cash savings and we use that to secure a new home. Then we progress to a home loan from one of our external loan experts.
Fastrack to Eligibility
Most lenders will require a 5% deposit prior to the approval of your home loan. If you haven't achieved that, we might be able to help . Ideally you will need $ 20k deposit and an income of
$90k for single income and
$120k for a couple !
We can set up the HDA for the deposit for up to $15k. This will save you $5k on Lenders mortgage insurance and get you in sooner. $10,000 first home grant . click FAQ
Investment Property
We also help first-time property investors who can purchase and use the rental income to help them make repayments easier. We usually provide the HDA at settlement which comes from our margin, however we can secure the new home investment for you in the process. Lets explore the ways available.
5 year Rental Guarantee now being offered ! limited time only
Saving
Solutions
We are one of the few private companies in Australia offering help with home loan deposits and help getting a home loan with low deposit in Melbourne. Naturally, our brokers and lenders will have the final say on whether you qualify or not but we first start with our own process to see if you qualify with us.
The Process
Application Assessment
We will help you by assessing whether you qualify for a deposit contribution from one of our partners. If you qualify, you will then be assessed by the Home lender to see if you qualify for a home loan. We don't do credit checks so it won't affect your credit rating. Need help in getting bad credit home loans & low deposit in Melbourne are available. thru our brokers.
Deposit Support
Once you are approved, you will be asked to pay a 5% deposit. If you don't have it, we can assess your application on the basis we will assist you. TAP
For investors only - 5 year rental guarantee or 1 year reduction in mortgage payments offer is available TAP
The deposit assist is not a loan.
Our builder's promotion is not payable back at any time as its not a loan but merely support.
The rental guarantee and the reduction in mortgage repayments is for a limited only for investors TAP
100%
Home Owned
The Home Deposit Assist is yours to keep. You will own 100% of your home.
Our Model
Follow our simulation of a first & second home buyer or investor below to understand the model and benefits.
This simulation model is based on the following conditions:
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Initial deposit of $20,000 *you may be required to save more or come up with a gift.
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Buying a new home for $500,000
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Based on mortgage loan of $475,000 *95 LVR
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Repayments of $2724 per month * Based on 3 yr fixed at 5.59 %
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30 year term P+ I * TAP
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We do not provide financial advice or home loan advice
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A mortgage of $475,000, monthly rental at $2,000 and saving $1,000 per month for a home for 6 months
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Assumes 4% capital growth per annum for 5 years
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All loans are subject to lender approval
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Let us explore if we can get you in sooner by using the grants that are now available - Explore
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The above simulation model doesn't take into account costs, interest, fees, agents costs.
Your home deposit assist is ready.
Home ownership is quicker than you thought possible with a little home deposit assist in Melbourne from Mum & Dad.