UR Home - Home Ownership made easy

U.R.HOME V'S THE OLD WAY

See what Michael and Casey have to say about U.R Home

C Lang Testimonial

Compare the U.R.Home way to the "Old" Way of Owning a Home

U.R.Home Way

Costs + Steps

Option Fee equivalent to 6 weeks payments (some customers use existing rental bond)

Optional solictor cost (to review your agreement on your behalf)

The Old Way

Costs + Steps

Bank Costs

Valuation fee
Application/Establishment Fee
Bank Stamp Duty
Mortgage Insurance
Deposit Required

Real Estate Agent Costs ( paid by seller but usually built into the house price)

You may also have to forfeit a portion of any deposit if you do not proceed with the purchase

Solicitor Costs

Conveyance Fee
Searches
Government Stamp Duty
Vendor Mortgage release fee
Pay approx $400 for a pest/build report that may not even be acceptable

Approval Process

Confirmation that you are meeting current rent commitments
Ability to confirm new payment will not place you or your family in a position of hardship

Approval Process

Full Formal Application

100 points of ID for all parties
Full financial disclosure
Pay slips or employment records
Credit and Bank Card statement
Tax Returns
Savings History/Statements
Mortgage Insurer Approval

Timeline

Can be in home and on your way to owning your home in 7 days
Pest and building report already completed and available at no cost to you

Timeline

30-45 days for settlement
14-21 days for bank approval
14-21 days for valuations
7-14 days for Pest and Building

Benefits

Receive the benefit of rising prices
Option to sell the house for profit
Ability to buy home and secure finance in the future and save on payments
Ability to make improvements to the home

Benefits

Receiving benefit of rising prices
Option to sell house for profit
Ability to secure cheaper finance and save
Ability to make improvement to the home

* This example is solely for the purpose of showing various costs and timelines that may or may not be applicable to your situation under the heading The "OLD" Way. Individual situations and circumstances may vary.