FREQUENTLY ASKED QUESTIONS

Q...if I am buying, why would I do this?

A...smaller deposit, no bank qualifying, easy paperwork, move in within a week, no agents fees, no bank fees, no solicitors fees... move in to your new home normally within a week......done.

Q...if I am selling, why would I do this?

A...if you need to sell quickly, if it won't sell, if you can't sell without losing money, if your over committed, no agents fees, no bank fees, no solicitors fees... just give us a ring and we can ease your burdon straight away, no waiting for months on a 60 day contract and then their finance falls through....aaaaggggghhhhh!!!!!!!!!   please avoid all this crap.....(excuse the french)
we can buy your house within a week....done.

Q...i have been renting for years and the bank told me i don't qualify for a home loan. I would love my own home but it never seems possible, how can we make this happen.

A...simply contact us and together, we will find a way
to own your own home is only a matter of affordability. Paying rent at $350/week or owning a home at $600/week ...you are always better off owning because you capture all of the increased equity as the home goes up in value. They always double in value or more every 10 years...pick any area at any time and do the math.....long term, you get paid by time.

Q...if i'm buying, do i have to pay 20 or 30% deposit?

A...how much do you have to put toward your new home?...is the question I always ask. The more you put as deposit the less your repayments are. Your affordability is always the main concern. Large or small deposit, its up to you.....within reason of course.
At the moment $5,000 plus the FHOG, or $10,000 without, is the minimum savings you will need to own your new home.
This is for a $300k to $350k normal home.
The larger the savings the better it is for you as your repayments are lower...we encourage a larger figure.

Q...what if i don't have enough cash for a deposit?
A ... anything of value can be used as a deposit.
we have had cars, boats, caravans, race cars, goods and services from trades people, livestock...you name it. ....we do think outside the box....everything is worth something.....its all good fun, and it should be.....

Q...can i include the first home owners grant
A...yes, but only if you are eligible

Q...will a bad credit report stop me from buying a house?

A...normally yes...but we're not normal.... We think outside the box and know that people aren't perfect and everyone has a minor glitch somewhere....its part of living. We do frown on major problems but there is always a solution

Q...who do i pay if its not the bank?

A...all payments from you and to us, go through a registered 'payment control company' not direct, and secured by trust accounts and strict regulations.


Q...how long is the loan for?

A... loans are calculated over a 30 years but it is strongly recommended that you refinance through a bank asap or within 1.5 to 2 years max to reduce your monthly payments

Q...if i can't get a bank loan now how could I in 2 years?

A... in that time you can build a good payment history, get your business paperwork up to date, to name a few, and your home would have gone up in value so you would owe much less than it's worth(equity)...banks love that

Q...does the buy price of the house go up before I refinance?

A...no...you buy the house at an agreed price from day 1. the only thing that goes up is your equity

Q...can I renovate or add to the house?

A...its your house, if you choose to add value...its yours...we encourage that

Q...what if I'm self employed but slack with my paperwork and can't prove my income?

A...80% of our clients are self employed....the backbone of Australia

Q...who do I buy the house off?

A...Us.

Q...do i have the title?

A...the title is always held by the 1st mortgage holder but you have a legal contract saying you own the house...
      that cannot be changed by anyone...its your house.

Q...who pays the rates?

A...you do...its your house

Q...can I sell it?

A...yes its your house....but we must be informed to finalise our agreement...its in the paperwork

Q...what if it burns down?

A...its your house...all insurance policies must be kept up to date. you'd be silly not to protect your property
      you cannot afford not to have insurance

Q... uncle billy said "don't touch vendor finance ....they'll rip you off"

A... firstly its quite funny how uncle billy is now a financial advisor when he has been renting for 20 years.
please do not listen to anyone except a property or finance professional (sometimes the finance guys will say its bad just to get your business.)
Vendor finance is a general term to say the owner of the house is financing you instead of a bank. The security is all in the contracts drawn up by solicitors and by a simple agreement by 2 people. If you have a signed contract to say this is your house...then its your house....thats it. Nobody can take it off you...unless you default.

Q...it sounds too easy...whats the catch?

A...no catch, it is easy. we are here for the long term ,not to rip people off ... we've been ripped off before....not nice.

Q...if this is so good, why doesn't everyone do it?

A...they should, its the easiest way to enter the property market. Investors won't tell you why....its their little secret

Q...can I make extra payments?

A...Yes.

Q...what if my situation changes and i can't pay...will I loose my home?

A...please please let us know before it gets ugly. Time is always important...the longer it goes the worse it gets....there is always a solution, but you must do everything in your power to keep your home. the last thing we want to see is someone losing their home.

Q...where do I sign?

A...on the dotted line :)