๐ฆ๐๐ฟ๐๐ด๐ด๐น๐ถ๐ป๐ด ๐๐ผ ๐ฆ๐ฒ๐๐๐น๐ฒ ๐ผ๐ป ๐ฎ ๐ฃ๐ฟ๐ผ๐ฝ๐ฒ๐ฟ๐๐? The Financial and Emotional Toll Is Real – But So Is the Solution: AffordAssist.
Dear All
The journey to home ownership can be one of the most exciting โ and stressful โ experiences of a personโs life. But what happens when things donโt go to plan? For many buyers, the ๐ถ๐ป๐ฎ๐ฏ๐ถ๐น๐ถ๐๐ ๐๐ผ ๐๐ฒ๐๐๐น๐ฒ ๐ผ๐ป ๐ฎ ๐ฝ๐ฟ๐ผ๐ฝ๐ฒ๐ฟ๐๐ after signing a contract isnโt just an inconvenience โ itโs a financial and emotional crisis.
๐ง๐ต๐ฒ ๐๐ถ๐ด๐ต ๐ฆ๐๐ฎ๐ธ๐ฒ๐ ๐ผ๐ณ ๐ฆ๐ฒ๐๐๐น๐ฒ๐บ๐ฒ๐ป๐
When you sign a contract to buy a property, youโre making a binding legal commitment. A critical part of that process is the ๐๐ฒ๐๐๐น๐ฒ๐บ๐ฒ๐ป๐ ๐ฑ๐ฎ๐๐ฒ โ the day the remaining funds must be paid and the property officially becomes yours.
But what if you canโt come up with the money in time? Maybe the bankโs final valuation came in lower than expected. Maybe your loan approval changed. Or maybe your personal finances took a hit. The reasons vary, but the consequences are often the same โ ๐๐ผ๐ ๐ฟ๐ถ๐๐ธ ๐น๐ผ๐๐ถ๐ป๐ด ๐๐ผ๐๐ฟ ๐ฑ๐ฒ๐ฝ๐ผ๐๐ถ๐.
๐๐ผ๐๐ถ๐ป๐ด ๐๐ต๐ฒ ๐๐ฒ๐ฝ๐ผ๐๐ถ๐: ๐ ๐๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ฎ๐น ๐๐น๐ผ๐
In Australia, property deposits are typically ๐ฑโ๐ญ๐ฌ% ๐ผ๐ณ ๐๐ต๐ฒ ๐ฝ๐๐ฟ๐ฐ๐ต๐ฎ๐๐ฒ ๐ฝ๐ฟ๐ถ๐ฐ๐ฒ โ often tens of thousands of dollars. If you fail to settle, that deposit may be ๐ณ๐ผ๐ฟ๐ณ๐ฒ๐ถ๐๐ฒ๐ฑ ๐๐ผ ๐๐ต๐ฒ ๐๐ฒ๐ป๐ฑ๐ผ๐ฟ, and in some cases, you could even be pursued for ๐ณ๐๐ฟ๐๐ต๐ฒ๐ฟ ๐น๐ผ๐๐๐ฒ๐ if the property resells for less than your contract price.
Thatโs not just money lost โ itโs hard-earned savings, family contributions, or years of discipline gone in a flash.
๐ง๐ต๐ฒ ๐๐ผ๐๐ ๐ผ๐ณ ๐๐ผ๐ฝ๐ฒ
For many, home ownership isnโt just a transaction โ itโs a life goal. Losing a property can feel like losing the future you had imagined: a safe place to raise your kids, to build equity, to escape the rental cycle. Itโs more than bricks and mortar โ itโs ๐ต๐ผ๐ฝ๐ฒ.
Walking away from a failed purchase can lead to ๐๐ต๐ฎ๐บ๐ฒ, ๐ฑ๐ถ๐๐ฎ๐ฝ๐ฝ๐ผ๐ถ๐ป๐๐บ๐ฒ๐ป๐, ๐ฎ๐ป๐ฑ ๐ฑ๐ถ๐๐ฐ๐ผ๐๐ฟ๐ฎ๐ด๐ฒ๐บ๐ฒ๐ป๐. It may take years to emotionally and financially recover. For first-time buyers, especially, the feeling of defeat can be overwhelming.
๐ง๐ต๐ฒ ๐ ๐ฒ๐ป๐๐ฎ๐น ๐ฎ๐ป๐ฑ ๐๐บ๐ผ๐๐ถ๐ผ๐ป๐ฎ๐น ๐ง๐ผ๐น๐น
The pressure to secure a home, coupled with the risk of losing thousands of dollars, can trigger serious mental health issues. Stress, anxiety, sleeplessness, and even depression are not uncommon.
ย ย โข โ๐ ๐ฐ๐ผ๐๐น๐ฑ๐ปโ๐ ๐๐น๐ฒ๐ฒ๐ฝ ๐ณ๐ผ๐ฟ ๐๐ฒ๐ฒ๐ธ๐,โ recalls one buyer who missed settlement due to a surprise shortfall in their bank valuation.
ย ย โข โ๐ ๐ณ๐ฒ๐น๐ ๐น๐ถ๐ธ๐ฒ ๐ ๐ต๐ฎ๐ฑ ๐ณ๐ฎ๐ถ๐น๐ฒ๐ฑ ๐บ๐ ๐ณ๐ฎ๐บ๐ถ๐น๐.โ
The emotional burden is amplified when buyers feel they had no control โ and no options.
๐๐ถ๐ป๐ฎ๐น ๐ง๐ต๐ผ๐๐ด๐ต๐๐
Struggling to settle isnโt just a legal issue โ itโs a ๐ต๐๐บ๐ฎ๐ป ๐ถ๐๐๐๐ฒ. The financial loss, the emotional trauma, and the disruption to oneโs life plans can be immense.
If youโre planning to buy, or youโre already under contract, itโs essential to:
ย ย โข Get early clarity on your lending capacity,
ย ย โข Prepare for potential valuation gaps,
ย ย โข Explore flexible deposit and settlement options, and
ย ย โข Have professionals who can advocate for you.
Because home ownership should be a milestone worth celebrating โ not a risk that leaves you broken.
๐๐ ๐ง๐ต๐ฒ๐ฟ๐ฒ ๐ฎ ๐ช๐ฎ๐ ๐๐ผ ๐ฅ๐ฒ๐ฑ๐๐ฐ๐ฒ ๐๐ต๐ฒ ๐ฅ๐ถ๐๐ธ?
Yes โ AffordAssist offers a proven solution designed to ๐ต๐ฒ๐น๐ฝ ๐ฝ๐ฟ๐ฒ๐๐ฒ๐ป๐ ๐๐ต๐ถ๐ ๐ธ๐ถ๐ป๐ฑ ๐ผ๐ณ ๐ฐ๐ฟ๐ถ๐๐ถ๐. Itโs one of the most innovative combined home loan and property deposit solutions to emerge in decades โ an Australian first, now also available in New Zealand. Introducing the ๐๐ป๐๐ฒ๐ฟ๐ฒ๐๐-๐๐ฟ๐ฒ๐ฒ ๐๐ฒ๐ณ๐ฒ๐ฟ๐ฟ๐ฒ๐ฑ ๐๐ฒ๐ฝ๐ผ๐๐ถ๐ ๐ฆ๐ผ๐น๐๐๐ถ๐ผ๐ป.
Explore a smarter, more flexible deposit pathway to home ownership with AffordAssist. Eligible buyers can settle with as little as 1% cash deposit upfront and receive an ๐๐ณ๐ณ๐ผ๐ฟ๐ฑ๐๐๐๐ถ๐๐ ๐๐ฒ๐ฝ๐ผ๐๐ถ๐ ๐๐ฒ๐ฟ๐๐ถ๐ณ๐ถ๐ฐ๐ฎ๐๐ฒ for the balance. Purchase a property from a participating seller, then defer and pay the remaining deposit over time โ typically within 60 months โ while enjoying 100% legal title ownership from day one.
Reaching a successful property settlement is often in the best interests of both buyer and seller โ and AffordAssist helps make that outcome possible.
AffordAssist โadds toโ and โfits perfectlyโ into the existing lending and property contract of sale processes. In our experience it is the AffordAssist framework that enables better outcomes for all stakeholders. The framework includes systems, governance process and coaching, critical to both the:
1. Loan settlement โ ๐๐ฒ๐ฝ๐ผ๐๐ถ๐ ๐๐ฒ๐ฟ๐๐ถ๐ณ๐ถ๐ฐ๐ฎ๐๐ฒ, confirms adherence to the governance process and is critical to settle the home loan. Forms part of funds to settle; and
2. Property settlement โ ๐๐ฒ๐ณ๐ฒ๐ฟ๐ฟ๐ฒ๐ฑ ๐๐ฒ๐ฝ๐ผ๐๐ถ๐ ๐๐ด๐ฟ๐ฒ๐ฒ๐บ๐ฒ๐ป๐ (๐๐๐) to manage the balance of the deposit payments to settle the property and provide stakeholder protection.
This forward-thinking approach can be the key to turning a potential settlement failure into a success.
๐ก๐ฒ๐ ๐ฃ๐ต๐ฟ๐ฎ๐๐ฒ๐ ๐ถ๐ป ๐๐ฒ๐ป๐ฑ๐ถ๐ป๐ด ๐ฎ๐ป๐ฑ ๐ฆ๐ฒ๐น๐น๐ถ๐ป๐ด
AffordAssist is pioneering new industry terms: ๐๐ฒ๐ณ๐ฒ๐ฟ๐ฟ๐ฒ๐ฑ ๐๐ฒ๐ฝ๐ผ๐๐ถ๐ ๐๐ผ๐บ๐ฒ ๐๐ผ๐ฎ๐ป๐ and ๐๐ฒ๐ณ๐ฒ๐ฟ๐ฟ๐ฒ๐ฑ ๐๐ฒ๐ฝ๐ผ๐๐ถ๐ ๐ฃ๐ฟ๐ผ๐ฝ๐ฒ๐ฟ๐๐ ๐ฆ๐ฎ๐น๐ฒ๐ โ where the deposit balance is paid later, ๐ถ๐ป๐๐ฒ๐ฟ๐ฒ๐๐ ๐ณ๐ฟ๐ฒ๐ฒ.
Most mortgage brokers wonโt mention this. And thatโs fine. This option isnโt mainstream โ but the savviest applicants are already using it.
If your mortgage broker, agent or developer hasnโt heard of AffordAssist, send them this. Theyโll thank you later.
๐๐ต๐ฒ๐ฐ๐ธ ๐ฌ๐ผ๐๐ฟ ๐๐น๐ถ๐ด๐ถ๐ฏ๐ถ๐น๐ถ๐๐
Find out if you qualify by visiting the APPLY page on the AffordAssist website. No obligation. Just an option worth knowing about before you decide.
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๐๐ฎ๐ โ 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