Mortgage Stress

I hear you asking, "How can I possibly reduce my repayments by 20%? There must be a catch!" Well let me explain.

Here at Multi-Choice Home Loans we have access to a product whereby the lender takes an equity stake in your property but leaves you in control. The lender will take responsibility for the debt (and repayment thereof) for up to 20% of your property value. So if you have a property that is worth $500,000, 20% therof equals $100,000 which is the amount of your loan the lender will take responsibility for. If you are not responsible for $100,000 worth of your existing debt how much would you save on your repayments?

The product is subject to normal lending requirements and is as easy to get into and out of as any other loan.

"Where's the catch?" I hear you ask.

For the 20% the lender will be looking to make their money by taking 40% of the capital growth in the property. You retain 100% of the capital growth that you have made in the property to date. All in all, not a bad deal if repayments are an issue and you stand to lose your home. It does not need to be a permanent arrangement and you can refinance out at any stage. The lender will even share in a capital loss should house prices drop.

So give us a call. Our service is free to you.