With [insert YOUR BRAND here] and AffordAssist Deferred Deposit Solution your home ownership journey could be achieved by:
You:
1%
AffordAssist Deferred Deposit:
NO INTEREST
9%*
[insert your brand] Home Loan:
90%
Property Purchase Price:
100%
*may vary up to 15% and include LMI
AffordAssist is suitable for applicants:
1. Have income but not the full-cash deposit.
2. Have the full-cash deposit — Cash is king, and you may want to keep some. Receive two approval options.
3. Struggling to settle on a property — Can’t bridge the gap. Consider the AffordAssist Deposit Certificate solution.
Together
[insert mortgage brand here] is an AffordAssist accredited mortgage broker will work with you to obtain a first mortgage loan.
Reduce mortgage stress
A [insert mortgage brand here] Home Loan with an AffordAssist Deferred Deposit can reduce mortgage stress by reducing the loan amount and thousands on interest payments. E.g. Interest rate savings ∝ to DDA.
AffordAssist
Intending Purchasers apply to AffordAssist for a “Deferred Deposit Agreement” (DDA).
The DDA is an arrangement where purchasers typically pay 10% of the purchase price over 60 equal monthly payments, without interest.
Think of, tap into the equity of property sellers willing to ‘pay it forward’.
This is achieved via an AffordAssist DDA with a willing property vendor whereby they typically defer receipt of 10% of the purchase price over a 5-year term, again without the vendor receiving any interest.
AffordAssist industry leading governance provides a proven system for managing risk, the Deferred Deposit Agreement (DDA), Settlements and the DDA payments. Thus protecting all the stakeholders.
Deferred Deposit Home Loan
Suitable for applicants with an income but not the full cash-deposit.
Eligibility to secure a [insert mortgage brand here] Home Loan is based on the applicants annual income and outgoings including payments under the Deferred Deposit Agreement (DDA).
Together with an AffordAssist accredited mortgage broker, AffordAssist may provide approval for a Deferred Deposit Home Loan within a few days.
Deferred Deposit Property Sale
AffordAssist deferred deposit solution is a community centric approach. Helping Our Next Generation.
Buy a property from willing property seller with an initial part-deposit, defer and pay the balance of the deposit without interest. Think of, ‘pay it forward’.
Applicable on established, brand new and off-the-plan.
AffordAssist offers optional services:
1) A buyer's agency service to help buy an established property almost anywhere in Australia.
2) Showcases properties advertised by developers and real estate agents available to purchase with AffordAssist.
100% Title Ownership
Once a property is selected, approval from AffordAssist is confirmed and a 1st mortgage loan approval is obtained, you can then proceed to settlement.
At settlement you become the proprietor of the property.
Pay the deferred amount 'Periodically’ within 60 months.
Customer Care
Owning your own home can be one of the most rewarding life experiences, made much easier with the right team on your side.
The AffordAssist governance and service process are in place for the protection and interest of all stakeholders. Includes accredited professionals who understand AffordAssist to ensure your successful property purchase.
Right through the entire service process you are assisted by a dedicated AffordAssist customer care team member.
AffordAssist will initially determine your eligibility for the AffordAssist program, with two important forms to complete.
Customer Care
Book a short 10-15 minute Explain Service call, how a Deferred Deposit Home Loan may work for you. Available 7 days, 8am to 8pm. Click here