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‘Once Upon a Time,’ savings for a deposit was easier – Today, not so – a bygone era

Home Ownership and Generational Wealth

‘Once Upon a Time,’ savings for a deposit was easier – Today, not so – a bygone era.
Today, secure a Deferred Deposit Home Loan with as little as 1%.

Dear All,

The right-to-own and the ability to access credit to build generational wealth. Needless to say, ought to be available for all. At all times. Thus, as our economy changes, so too must we together create new innovations/ audacious ideas/ solutions that continue to serve the whole of community. Example 1963 – Lender Mortgage Insurance (LMI).

The dream of home ownership and building generational wealth is alive and well; please walk this way…


Present day solution: Remove the cash-deposit criteria completely, assess and approve home loan based on affordability – Yes, where an applicant can afford all their repayments within their lifestyle – I am sure this would give mortgage brokers more options and help more home buyers – no need to push back on applicants to save more or put emotional pressure on family for the full 2%, 5%, 10% or 20% deposit.

Today, AffordAssist combination, loan and property, Deferred Deposit Solution makes it possible:
1) Secure an AffordAssist Deferred Deposit Home Loan with around 1%. and
2) Deferred Deposit Property Sale. Own the property with an initial part-deposit, the property vendor defer receipt of the balance of the deposit over a 60-months term, without receiving any interest.

 

Click to know more: https://www.affordassist.com/

AffordAssist is not a broker, developer or project marketer. Provide and manage the governance process. Have a panel of approved brokers. Are you a broker, lender, developer or agent? Join our mission to help increase home ownership. We welcome your team work; together we can help more into home ownership.

Kind regards
AA

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