Aqua – Finance and Cash Payment Plan Information
We are delighted to announce that the developer is now offering mortgages in-house for buyers wishing to purchase at Aqua. This is what is known as vendor financing and as such is completely non-status. This means that you do not need to complete any forms or credit checks and will be automatically approved for this scheme.
Here are some notes!
- Buyers can choose either 60% finance or 50% finance both for a term of 5 years.
- There are no penalties at all for early payment in full at any time and you will not pay any interest on the capital that you repay early. There are also no penalties for making lump sum payments at any time either, provided the amount is over $20k usd for each lump sum payment.
- The mortgage is paid back on monthly basis
- You will still receive the rental yield at 6% net for the first 2 years -this remains payable on a quarterly basis so if you wish you may use this yield to offset some of your mortgage payments (you will not receive the yield in cash if you wish the amount due to you to be applied to your mortgage account).
- You may sell the unit with the mortgage outstanding and upon completion of your sale the amount payable must be paid to the developer in order to transfer your unit to the new buyer.
This is an absolutely excellent way to own an exceptional piece of real estate!!
Discounts for cash purchases
Buyers at Aqua may also choose the cash payment plan and enjoy a 5% discount on the purchase price. The cash payment plan follows the progress of construction over 5 convenient payments. The final amount is due at the commencement of commercial resort operations expected July 2014.
So just to re-cap , there are 3 easy options to choose from when buying at Aqua;
1. 60% finance – over 5 years
2. 50% finance – over 5 years
3. Cash payment – staggered over the build cycle – and with 5% discount
Please click on the phases below to download further information about the finance options and the cash payment plan.
