Home lending with YouOwn
It’s simple. YouOwn provides a term loan for the amount you need to obtain a home loan. The interest rate has two components: a cash pay interest rate of 4.95% per annum fixed for five years and a capitalised interest rate set by reference to the change in value for house prices as reported by Core Logic each year. You use our funding to help you buy your home and in five years you aim to repay our loan from the increase in your equity from the capital growth of your property and the principal you have paid off your home loan.
Home ownership with YouOwn is easy. We help with a term loan to buy a property you can afford now. Our loan is interest only and the interest rate is fixed. You aim to repay YouOwn by refinancing our loan as a result of equity you have built up from the capital growth of your property and the principal you have paid off your home loan.
The graph below shows how this works
This option is not always available – please check with YouOwn
“Helping Kiwis to find a house to call home”