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Frequently Asked Questions
  • How much do we need to start?

    You invest a low amount towards application fee's with the bank lender if you are using our No Deposit system. You will also need a holding deposit of one quarter of one percent of your purchase price.

  • Do we need money for the solicitor or mortgage insurance or stamp duty?

    With our No Deposit system there is NO MORTGAGE INSURANCE. On an average priced home we have saved you over $5,000 right there! You do need some money initially for a solicitor, about $1500 should be plenty. First Home Buyers sometimes have stamp duty savings, but be quick it ends December 31, 2011.

  • Can we take our time or do we need to be quick?

    Take as long as you like, after all it's only more dead rent going down the drain so who cares? When you're ready to buy, all documents must be filled in and signed as soon as possible, because we will sell the home to whoever signs up first!!! So it really depends if you want to miss out or not.

  • Do we have to use a solicitor/conveyancer?

    Yes. We won't help you unless you have sought independent legal advice and we will need you and your solicitor to sign a section 66W Certificate to prove that (the solicitor will tell you all about it). It really is a must do and besides, it's just plain smart.

  • Can we buy at Auction?

    No. Rent Stoppers will not purchase properties at Auction because it waives our cooling off period. We may purchase after the property has passed in.

  • What is our deposit loan with Rent Stoppers like?

    Rent Stoppers No Deposit 2nd mortgage loan is fixed for an initial period. You will invest interest only payments on your 2nd mortgage with us, paid monthly. These must be direct debited to make it nice and simple.

  • How does Rent Stoppers make money?

    We are selling you the home for the price of everything included, the home, a 20% deposit, the legals and the stamp duty too. This means that a home from us will cost more than if you were to buy with your own saved deposit. You understand that you are getting the home today and not having to come up with the usual amount for deposit and costs though.

    You could move in for less than a rental bond!! But we fix the price and because you have the luxury of buying today, we'll share a little of your future profit from some of your capital gains. That's how we get paid, when the house goes up in value, you'll refinance and pay off the 2nd mortgage you owe us with the gains that time has made for us.

  • How is Rent Stoppers protected?

    Rent Stoppers has solicitors to make sure all the paperwork is ok. Sometimes we will have a 2nd mortgage and or a caveat. In the unlikely event that you default (I mean, why wouldn't you keep paying us just like you promised?) on our 2nd mortgage and we can't work out a solution to have you keep owning, we may take over the 1st mortgage payments and sell the home to recover our debt.

  • How am I the Home Owner protected?

    You will have to have solicitors to make sure all the paperwork is ok. You own the home in your name, not when you pay the last payment, or if you go ahead with the option like some other vendor financiers have you do.

  • Can we use our First Home Grant?

    With the No Deposit system your First Home Owners Grant will be paid into an account nominated by Rent Stoppers when you're moving in. But ACT FAST! It's all over red rover come December 31, 2011.

  • Will you help everyone?

    Rent Stoppers would love to help everyone but unfortunately we can't. Pre-qualify TODAY to find out if we can help YOU.

  • What if we have a deposit saved already?

    If you already have a deposit saved our No Deposit service is still great because we offer you the ability to buy with no money down. You can use your deposit elsewhere for some other needs. Maybe some debt reduction on high interest loans like credit cards.

See our homes for sale here...QUICKLY!
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