Our situation was bad credit and we were unable to get a home loan through normal channels.
You were fantastic to deal with and your
program was a great way to start out again and get back on our feet.
Once people get to know your program, they will see that this may be
the only option for them to get ahead.
We recommend to people that if you want a home and do not have
the deposit that the banks want, just pay the couple of grand to get
into one of U.R. Home's houses, and just get started.
Our situation was that we were with U.R. Home for only 2
years and the value of the house after this time was more than
$50,000 than the fixed on-sale price to us. Because of this
increase in value we were able to obtain finance from a bank to
pay U.R. Home out and we now own the home.
We were even able to borrow more than the payout figure to U.R. Home, which allowed us to consolidate all our debts, complete our renovations and even had left overs for a family holiday.
The banks told me that I had NO CHANCE of getting a home as I was a single
mum and did not have a full time job, although I did receive regular income.
When I first approached U.R. Home I thought there must be a catch because
they said they could get me into a home ownership program that would get me
owning a home of my own. I now realise that there is no catch. I suppose
that’s what concerned me at first because it is so simple, it just seemed
to good to be true. It was so hard to believe that there was actually a
company that can really help people get a home even if everyone else says no.
The price of the home is fixed for the term of the agreement and I could
buy it at that fixed price whenever I was ready. Each week my weekly
payments reduced the amount I had to pay U.R. Home back. It was just
like paying rent. It was so easy that to be quite honest I didn’t really
know what I was doing but it just worked out just the way U.R. Home said it would.
Here I am 2 years later and U.R. Home allowed me to sell the property to
someone else on the same day I paid U.R. Home out and
I got to keep the profit, $40,000.00 to be exact.
I am now using my profits to build my own house at the sunshine coast
and hopefully that will be finished shortly.
I am a single dad
on a pension and working part time with two children. I never
thought I would be able to buy a home for me and the children.
The first time I spoke to you, it felt like I was talking to an
old friend. You explained everything to me in basic english, which
my 9 year old son could have understood. I got a list of houses
in the area. I looked at this house twice in one day and you did
not mind at all. So I rang you back that afternoon and said I'd
like that home and the paperwork was once again sent to me the
next day. This was a Wednesday, I sent it away on the Thursday, and
the next day you rang me and said to me "Congratulations,
you have got the home!"
It was the happiest day of my life for a long time. Now that
I have got my own finance, I am saving $200 a month, my loan is
still over 30 years, but I did get extra on my new loan to upgrade
my vehicle.
The first company I rang said "Yes" straight away, which I thought
would never happen. Thank you for my $250 spotters fee, which
will come in handy to finish off the garden. Dealing with you
has been a pleasure. All the way through the financing part of
the deal, everyone was still as nice to me as if I was paying
the house off.
It put my mind at ease. I cannot thank everyone enough,
After looking at properties to rent, we realised that renting
was just 'dead money'. Purchasing our own home at that point was
not an option for us. My sister had just moved into one of your
properties and passed on your phone number. After talking to
you and seeing the quality of properties, my partner and I chose
a home that suited our family and was in our price range.
Without your help, we would not have been able to fulfil the
dream of living in our own home. Thank you for giving families
the chance to have their own castles!!
Having sold our house and desperately needing somewhere to live
in a hurry, we stumbled upon your ad... within two weeks we moved
in!
We now have the home we want without all the hassles. At a later date,
we can negotiate a normal bank loan without all the pressure and
on our terms. Thanks for making it all happen - great service
and friendly people.
I first rang you in 2002 as I had just moved to Toowoomba
and because my employment history wasn't satisfactory to the
banks and I couldn't get a loan, I chose to enter into your "Option to
Purchase" Agreement
As you are aware, I have just got a loan with a bank and because
the house is now worth more than your agreed fixed sell price
to me and my first homebuyers grant of $7000, it did not cost me
any money at all to pay you out or to get the loan. My new loan
with the bank is at a great interest rate and my repayments are
around $100 per week less than before, that's around $5000 a year
I save in repayments. Thanks again!
You helped us get a start. It's just like paying rent, but every
cent comes off your house. 12 months along from the day we started
with you it gave the banks something to work with.
We also had the option to sell the house and pay you out which
we did and made a very nice profit. IT gave us enough deposit
for our dream home. I recommend your 'Home Ownership" program.
We wouldn't have our dream home if it wasn't for you. Thanks.
I have been a customer for 12 months now and I must say that
I think it's the best thing I've ever done!!
When people ask me how I am able to buy my own home, I tell them
it's thanks to you and I advise them to look into it themselves.
I could never have done it without you!
Thanks for helping me pay you
out. As you are aware, I decided to move away from the area where I
had my house.
It was great that on the same day I paid you out, I was able
to on-sell the house to another person.
In short, I moved into the house on the 28th March. I paid you out and
on-sold the property on the 25th June, a year later. From the sale
I pocketed $20,300 after paying back the balance I owed on the
property (not bad for the 15 months I had the property for). This
was great as I was able to move to a new area where I wanted
to live and I got to pocket all that money.
After owning four properties previously and losing them due to divorce, your option was the best for getting me back into home ownership. I didn't have the hassle of dealing with a real estate agent then a bank then a solicitor. Your program was the one stop shop. I rang, I looked at the house, signed the agreement and moved in 14 days later, so easy and simple. I only had to break my current lease, but it was well worth it.
As you are aware I recently obtained bank finance to pay you out what I owed you and now own the home. With my new loan I did not have to use any of my own money at all. The bank provided in my new loan all the costs of purchasing the home from you.
I am also going to buy an investment property soon as I have about $100,000 equity in my home.
I have told a lot of people to join the home ownership program, as it is better than having to come up with a
10-20% deposit. It only cost me around $3,500 to get into the house, where else do you get an opportunity to get a home for that?
I am pleased to provide a testimonial to you based on the success we have had under the terms of your home ownership program.
We have since recommended a number of people to use you to secure a home, as it is simple to do.
We signed the option to purchase agreement for the property in Kelso at $123,000 (the fixed price for the term of our agreement with you). We undertook a number of renovations while under your agreement and with our repayment history from you that we provided the bank, we were able to obtain a normal loan and now own the house.
Our house is now worth $290,000 and we have heaps of equity in the property, which assures a secure future for the family.
As you know my partner did not have a great credit history and is employed on a contractual basis. This was not a problem for you.
Our family is now well on to the way to financial security as we now own this home and are buying an investment property as well in the next 12 months.
By using our payment history to you, the banks could see that we could afford to pay off a home and when we got the finance with the bank our repayments dropped by $50 per week.
Any time you are in the area, please drop in to see what we have done to the house, it looks great.
We are very pleased to provide a testimonial to your company.
We would never have been able to own a home without you. In fact we are considering moving to another town and are likely to use your home ownership program again.
It is so easy and it is so good to have a home to call your own.
When we got finance to pay you out we also consolidated all our debts into one load with the bank and even upgraded the car.
