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Private Builder Deposit Loans
Using many of our strategies such as the “Private Builder’s Deposit Loans” with Zero Interest and Zero fees. How does that work…you ask ? All you need is a $1,000, our Private Lenders will lend you the rest of the amount you need for your Builders Deposit which you will then repay over 12 months with Zero Interest and Zero Fees and the best part it will not even show up on your credit history report, ensuring you can keep your credit history squeaky clean, it really is like having a family member step in to help you out, so you can be reassured we will find a way to get you across the line and into home ownership one way or another, all you need is to have a Clean Credit History and in Full time employment.
Land Developer Rebate
Here’s another one of our strategies designed to help you get across the line with a Land Developer Rebate (discount).
The best way to explain this is by way of case study example: Jack and Natalie were looking to purchase a parcel of land priced at $ 200,000 the bank would lend them 90% ( $180,000 ) so Jack and Natalie had to come up with the other $20,000.
However, after coming to see us we found them a similar parcel with a different Land Developer for $220,000 but this developer offered a $20,000 Rebate (discount) so here’s how this played out at settlement of the land: Purchase Price $220,000 The Bank loan funded 90% ($198,000) less the Developer’s Rebate ($20,000) = $2,000 As you can see they only had to come up with $2,000 out of their pocket.
Consolidation of Existing Loans – To Get The Bank To Say Yes
Once again I’ll use a case study to explain this strategy: Peter and Karen had been declined a home loan with 2 lenders prior to coming to see us. So with the help of our Finance Partners Natloans we conducted a thorough assessment of their situation, even though they were both working with a combined income of $110,000 PA the banks did not believe they could afford to repay a new home loan together with their existing loans and not surprising so, as we uncovered they had a few small nagging little loans 3 in fact with monthly repayments of just under $950 but their biggest hurdle was that they had bought them selves a rather expensive car ( $70,000 ) 3 years earlier with monthly repayments of $1,650…it was no wonder they were turned down a home loan based on their serviceability.
So, our Finance Partners, Natloans made some recommendations:
A: Consolidate all their small loans (approx. $10,000) into one over 7 years
Which reduced their monthly repayments from $950 down to under
$200pm.
B: Refinance their car loan which after 3 years had reduced to $38,000 not the $70,000 they originally borrowed, so we were able to reduce their monthly repayments down to $650pm.
Combined they reduced their repayments from $2,600pm to under $850pm.
Needless to say their home loan was approved with flying colours!
Stoprent Properties provide a unique service in new home purchasing because we understand the challenges most first home buyers experience in getting out of the rental trap, we know only too well that even if you are earning a reasonable income, it is difficult to save a deposit.
Here’s how we can help!
Our finance partners NATLOANS will first arrange a free assessment to see if you qualify for a home loan and how much?
Once you find out what your borrowing capacity is, we’ll get to work to find that, ideal parcel of land, making sure you avoid purchasing a problem site through our many years of experience.
Our panel of prestige builders are exclusively selected to deliver to you the highest possible quality and workmanship, all homes constructed go through a rigid 3 point independent quality inspections, we stay with you throughout the whole process to insure your complete satisfaction.
We strongly believe that best form of advertising is a word of mouth, so when you’re happy with our service you’ll no doubt tell your friends so we may help them as well.
So it’s a WIN-WIN outcome all around.
So if you have had enough of paying rent give us a call!