In case of CRISIS BREAK GLASS and opt to wait for help
Or, please walk this way, to secure a home loan today
Dear All
Do you hear the calls for help? The housing crisis has been deepening for the past 15 years.
Given that saving for a deposit is increasingly more difficult, even impossible. How can a home buyer secure a residential loan WITHOUT the full cash-deposit, leaning on family, friends, putting emotional pressure on parents, other expensive, risky options or at all?
AffordAssist broke the glass over 8 years for market research i.e, on behalf of clients seeking a way forward; there was no help then. No cash-deposit meant no loan. AffordAssist was created as an alternative so that you do not need to wait any longer for help that may or may not come your way in the future.
No need to wait:
We too have the view that it is not for a lender or Government to resolve the cash-deposit shortfall. This is a strong, but fair comment. AffordAssist deferred deposit solution is a community centric approach.
The dream of home ownership and building generational wealth is alive and well; please walk this way, to secure a home loan today
A Deferred Deposit Solution:
By removing the cash-deposit criteria completely – no need to push back on applicants to demonstrate or save more or reluctantly seek other means for the full 2%, 5%, 10% or 20% deposit. And removing other conditions like; maximum wage caps, preferences towards professional qualifications, first-line workers or limiting the number of applicants – opens an alternative way to help.
AffordAssist accredited mortgage brokers assess and approve a home loan based on affordability – Yes, where an applicant can afford all their repayments within their lifestyle – AffordAssist proven governance process provides mortgage brokers an alternative option to consider and to offer applicants with an income but not the full deposit.
How AffordAssist makes it possible:
1. Deferred Deposit Home Loan. Secure a 90% LVR home loan (including LMI) with around 1% cash-deposit and by including AffordAssist Deposit Certificate in the application; and
2. Deferred Deposit Property Sale. Buy a property with an initial part-deposit. The property vendor agrees and enters into the AffordAssist Deferred Deposit Agreement (DDA) defers receipt of the balance of the deposit over a 60-months term, without receiving any interest.
Click to know more: https://www.affordassist.com/
Regards AA