Cash is King – So Keep Some: Get TWO Approval Options – A New Way to Get a Home Loan with 𝗟𝗲𝘀𝘀 𝗖𝗮𝘀𝗵 𝗗𝗲𝗽𝗼𝘀𝗶𝘁

Cash is King – 𝗦𝗼 𝗞𝗲𝗲𝗽 𝗦𝗼𝗺𝗲: 𝗚𝗲𝘁 𝗧𝗪𝗢 𝗔𝗽𝗽𝗿𝗼𝘃𝗮𝗹 𝗢𝗽𝘁𝗶𝗼𝗻𝘀 – A New Way to Get a Home Loan with 𝗟𝗲𝘀𝘀 𝗖𝗮𝘀𝗵 𝗗𝗲𝗽𝗼𝘀𝗶𝘁

Dear all

The saying “cash is king” is especially relevant when deciding how much of your savings to use as a deposit for a home loan. It’s long been assumed that the more cash you can put down as a deposit, the better.

What if you didn’t have to use all your cash?

𝗧𝗵𝗲 𝗦𝗺𝗮𝗿𝘁𝗲𝗿 𝗠𝗼𝘃𝗲 𝗛𝗶𝗴𝗵-𝗜𝗻𝗰𝗼𝗺𝗲 𝗟𝗼𝗮𝗻 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝗻𝘁𝘀 𝗤𝘂𝗶𝗲𝘁𝗹𝘆 𝗠𝗮𝗸𝗲
Have the deposit. Done the numbers. Ready to go.
But there’s one more savvy strategy-and you probably haven’t heard about it.

They’re getting a home loan approval, 𝗯𝘂𝘁 𝗸𝗲𝗲𝗽𝗶𝗻𝗴 𝘀𝗼𝗺𝗲 𝗼𝗳 𝘁𝗵𝗲𝗶𝗿 𝗰𝗮𝘀𝗵 deposit working for them.

Now you don’t have to imagine it. Since 2017, AffordAssist has offered a unique home loan solution that includes the option to use 𝗟𝗘𝗦𝗦 𝗰𝗮𝘀𝗵 𝘂𝗽 𝗳𝗿𝗼𝗻𝘁. It’s not a hack. It’s an industry leading governance process.

You can now secure a home loan with as little as 𝟭% 𝗰𝗮𝘀𝗵 𝗱𝗲𝗽𝗼𝘀𝗶𝘁, and receive an 𝗔𝗳𝗳𝗼𝗿𝗱𝗔𝘀𝘀𝗶𝘀𝘁 𝗗𝗲𝗽𝗼𝘀𝗶𝘁 𝗖𝗲𝗿𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗲 for the balance. And in today’s economy, this flexibility can be a game-changer.

𝗗𝗼𝗻𝗲. 𝗔𝗽𝗽𝗿𝗼𝘃𝗲𝗱.
A home loan of up to 90% LVR can include the AffordAssist Deposit Certificate (typically the balance may vary up to 15% and include LMI).

𝗛𝗲𝗿𝗲’𝘀 𝗛𝗼𝘄: 𝗚𝗲𝘁 𝗧𝘄𝗼 𝗔𝗽𝗽𝗿𝗼𝘃𝗮𝗹 𝗢𝗽𝘁𝗶𝗼𝗻𝘀—𝗡𝗼 𝗢𝗯𝗹𝗶𝗴𝗮𝘁𝗶𝗼𝗻
When applying for your home loan, it is highly recommended that you ask your mortgage broker for two approval options:
  1. A standard home loan
  2. A home loan with an AffordAssist Deposit Certificate

Potentially the same loan. 𝗧𝘄𝗼 𝗱𝗲𝗽𝗼𝘀𝗶𝘁 𝗽𝗮𝘁𝗵𝘀. One could make a big difference. With AffordAssist, 𝗸𝗲𝗲𝗽 𝘆𝗼𝘂𝗿 𝗰𝗮𝘀𝗵 and keep your options open for the future:
  • Start your home loan with less cash, as little as 1% cash
  • Buy a property from a participating seller
  • Defer the balance of the deposit (typically over 60 months) – Interest free
  • Retain 100% title ownership from day one

𝗪𝗵𝘆 𝗨𝘀𝗲 𝗟𝗲𝘀𝘀 𝗖𝗮𝘀𝗵 𝗨𝗽𝗳𝗿𝗼𝗻𝘁?
Because high-income professionals don’t just spend cash – 𝘁𝗵𝗲𝘆 𝗮𝗹𝗹𝗼𝗰𝗮𝘁𝗲 𝗶𝘁.

There are many situations where holding onto your cash can be in your best interest—whether for emergencies, health needs, supporting others, growing a business or consider timely opportunities.

Keeping some of your cash provides both 𝗽𝗲𝗮𝗰𝗲 𝗼𝗳 𝗺𝗶𝗻𝗱 and 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗮𝗴𝗶𝗹𝗶𝘁𝘆. A lower deposit commitment can help you:
  • Stay prepared for emergencies or health-related costs
  • Support loved ones or other financial obligations
  • Flexibility, keep cash available for investing or business opportunities
  • Keep your cash compounding, not locked in walls
  • Maintain funds (example, keeping $60,000 in cash) in an offset or high-interest savings account

𝗧𝗵𝗶𝘀 𝗶𝘀 𝗻𝗼𝘁 𝗮𝗯𝗼𝘂𝘁 𝗮𝗳𝗳𝗼𝗿𝗱𝗮𝗯𝗶𝗹𝗶𝘁𝘆 – it’s about optimising available cash.

𝗔 𝗡𝗲𝘄 𝗣𝗵𝗿𝗮𝘀𝗲 𝗶𝗻 𝗟𝗲𝗻𝗱𝗶𝗻𝗴
AffordAssist is pioneering a new term in lending: 𝗗𝗲𝗳𝗲𝗿𝗿𝗲𝗱 𝗗𝗲𝗽𝗼𝘀𝗶𝘁 𝗛𝗼𝗺𝗲 𝗟𝗼𝗮𝗻𝘀 – where the deposit balance is paid later, interest free.

Most mortgage brokers won’t mention this. And that’s fine. This option isn’t mainstream – but the savviest applicants are already using it.

If your mortgage broker hasn’t heard of AffordAssist, send them this. They’ll thank you later.

𝗔𝗯𝗼𝘂𝘁
AffordAssist is one of the most innovative combination home loan and property deposit solutions to emerge in decades. An Australian first. Now also in New Zealand: 𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁-𝗙𝗿𝗲𝗲 𝗗𝗲𝗳𝗲𝗿𝗿𝗲𝗱 𝗗𝗲𝗽𝗼𝘀𝗶𝘁 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻.

𝗖𝗵𝗲𝗰𝗸 𝗬𝗼𝘂𝗿 𝗘𝗹𝗶𝗴𝗶𝗯𝗶𝗹𝗶𝘁𝘆
Find out if you qualify by visiting the 𝗔𝗣𝗣𝗟𝗬 page on the AffordAssist website. There’s never been a better time to explore a smarter, 𝗺𝗼𝗿𝗲 𝗳𝗹𝗲𝘅𝗶𝗯𝗹𝗲 𝗱𝗲𝗽𝗼𝘀𝗶𝘁 𝗽𝗮𝘁𝗵𝘄𝗮𝘆 𝘁𝗼 𝗵𝗼𝗺𝗲 𝗼𝘄𝗻𝗲𝗿𝘀𝗵𝗶𝗽. No obligation. Just an option worth knowing about before you decide.

B2B – AffordAssist facilitates and oversees the governance process. Are you a mortgage broker, lender, developer, real estate agent, affordable housing advocate, or housing minister? We welcome your collaboration. Join us in our mission to expand access to home ownership. Together, we can make a lasting impact.

Regards
AA