easykey™ Variation 3
| easykey™: Variation 3 | |
| Land (Client Owned) | $0 |
| House | $260,000 |
| Deposit (10%) | $26,000 |
Section owned by client, RPS builds home of owner’s choice. RPS registers a caveat over the section for security.
Interest Rate 10.65% subject to change
| easykey™ Example: | |
| Section (client owned): | $0 |
| Home Building: | $260,000 |
| Finance Cost: | $4,320 |
|
Based on 10% deposit, 10.65% Interest Rate, Project Timeframe of 6 1/2 months.
|
|
| Sales & Purchase legal fees: | $1,500 |
| Valuation: | $588 |
| Progress Valuations: | $0 |
| Total: | $266,408 |
| Deposit: |
$26,000
(10%)
|
| easykey™ Payment method: | Total | $266,408 |
| Less Deposit | $26,000 | |
| Final Payment | $240,408 |
Benefits to clients:
- Easier building process.
- Only 10% deposit.
- Your choice of home on your own section.
- No progress payments.
- No hassle of bank draw downs.
- No progress valuations for bank.
- Overcome financial bridging challenges when you are renting or paying off an existing mortgage.
- Supported by major lenders.
Subject to certain criteria