Innovative finance options beat the deposit dilemma

The first step in purchasing a new house used to be all about the deposit – it was the be all and end all but if that’s all that’s stopping you, it’s time to check out the new low deposit and pay on completion finance options.

Being HIA’s Most Professional Victorian Builder is a title we take seriously, which means we constantly respond to changing and challenging market conditions and now we’ve taken the age old “deposit” dilemma head on to create more flexible options.

You told us you wanted different finance options so we have developed a range of house and land packages that offer more flexibility when it comes to the deposit and payment requirements, and you might be surprised at just how accommodating the options are to your budget and lifestyle.

  • Low deposit house and land packages are a more affordable mortgage solution for first and new home buyers who often struggle to save a deposit in between paying rent and usual household bills. We currently have selected house and land packages available with just a $3,000 deposit.

  • Pay on completion finance is also available on selected packages and means that you pay an initial deposit and build your house interest and payment free throughout construction. The balance is then due at completion, once the builder has handed over the property to you. This means you can continue renting during the build time without worrying about any construction progress payments.

  • Construction finance remains the most common new house finance and works off a series of progress payments that represent each phase of the construction so that you’re only paying for what’s actually built – after all, why should you pay interest on aspects of your house that aren’t yet built?

In all of these options, you are not financing the whole amount of the house upfront like you would if you were buying an established home, which means you’re not paying interest on the whole amount until the house is all yours. And that means a better lifestyle outcome and more money to spend on your ideal inclusions or furniture!

Our Triple The Grant campaign is also still running, which means if you’re a first home buyer, you can get up to $30,000 off selected house and land packages. If you’re not a first home buyer, you can still qualify for our $20,000 grant on selected packages.

If you’re ready to find out what options suit your lifestyle and your budget, you can read more about your finance options or speak to the friendly and professional financial gurus at Choice Home Loans - or call 1300 2 CHOICE.

What’s stopping you from making the move into home ownership?

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