Maricar & Servillano
Hoping to create a prosperous future for their two young children, Maricar and Servillano left their home in the Philippines and moved to Australia in 2011. When the children are at school, Maricar works as a finance manager in a construction industry and Servillano is a tradesman. They were intent on buying their first home, but trying to save for their deposit while raising their family and paying rent, that dream always seemed to be somewhere years in the future. But that all changed when Servillano saw a Facebook post about AffordAssist.
Later that day, when Maricar called AffordAssist to learn more about the program, she was so satisfied with the answers to all of her questions that her and Servillano asked to inspect properties that same weekend. AffordAssist showed them a number of properties, including one that would ultimately become their first home. It is a split-level townhouse-style apartment in Ropes Crossing with three bedrooms, two bathrooms and two car spots. Priced at $480,000, this brand-new apartment provided everything they wanted. Their Micro Deposit of $10,000 was supplemented by the First Home Buyers Grant of $10,000 and placed in a trust account. AffordAssist then provided the Deferred Deposit Agreement, allowing them to repay the balance of the deposit directly to the Developer. Two months after seeing that Facebook post, they moved into their new home. Buying their first home and welcoming a newborn to their family assures that 2019 will be a year that Maricar and Servillano with treasure for the rest of their lives.
Assessed & Qualified for AffordAssist Program
Approved For Home Loan
Settled & Received Keys
Their Fast Track
With a Micro Deposit of $10,000 and the $10,000 First Home Buyers Grant, Maricar & Servillano entered the home market 40 months earlier than their original plan. This has saved them up to $80,000 in Rental Payments and has set them on the Fast-Track for Potential Future Wealth.
AffordAssist Deposit $10,000 + First Home Buyers Grant $10,000 = $20K deposit to start
Based on savings per month of $700
Rental Payments Saved
Based on monthly rent of $2,000
Potential Future Wealth
Growth estimates are based on a potential growth rate of 5%
*A word of caution: Future predictions cannot be determined by past performance, for any asset class.
We urge you to always do your own research before you make any financial decisions.
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AffordAssist is an affordable housing program specifically designed to meet the needs of first-home buyers. It is a corporate solution offered alongside government initiatives with a single purpose to increase first-home ownership in Australia.