I have a lender who will lend you even if you have credit issues. Free Consultation mob: 0413 594 675

Equity Finance & Mortgage Pty Ltd
mob: 0413 594 675
Mortgage Advisor

There is a lender who will lend you for the impaired credit but only 80% of the value of the house.

20% Interest Free Loan

Recently, there is a product in the market. It gives you 20% of the property value interest free.

Traditional Homeloan 400k
Deposit 100k
Loan Needed 300k
Repayment $2,297/month

Adding EFM to Make Purchasing A Home Affordable

Property Value 400k
Deposit 100k
Loan Needed 300k
EFM (20% of the Property Value) 80k
Traditional Homeloan 220K
Repayment $1,745.15/month

The EFM (Equity Finance Mortgage) is free (zero interest). So you will get a free $68,000 to purchase your property.
However there is a catch. When you sell your property and the property increases in Value you have to pay 40% of your profit to the EFM. So for example the property increases in value to $450,000. You need to pay = ($450,000-$400,000)x 0.4
= $40,000 x 0.4
= $16,000 plus EFM ($80,000)
= $96,000

So you need to pay back $96,000 to EFM when you sell your house. I think the idea is good for people who wants to buy a home but has limited amount of deposit. And you will keep the EFM as long as you want until you sell your house.

For a free Consultation, give me a call on 0413 594 675.

Thank You.

Equity Finance & Mortagages Pty Ltd Mob: 0413 594 675
Mortgage Advisor

There is one way to can do it. Find yourself a patner (i.e. your brother, family) and ask them to invest just like they invest in shares. For example 80% from you and 20% from your brother. It can be called Patnership.

Equity Mortgage & Finance Pty Ltd
Mob: 0413 594 675

Hi. I am also situated in W.A. U can e-mail me for an advice at [email protected].