Building a home just got better! From April 1st, 2022 eligible home buyers will have the option to choose between our Deposit Boost or Mortgage Assist when building a new home with MWC Property Group!
When building a home, your construction loan repayments start after Settlement. This is the day the Bank releases funds for your land and you become the owner.
During construction, your loan will gradually increase during each stage of the build as the Bank releases funds to the builder. Construction loans will be interest only during the time-frame your new home is being built, or for the first 12 months (depending on the lender).
With Mortgage Assist, MWC Property Group will cover the construction loan repayments for your home during construction.*
That means you can look forward to your brand new home without the additional cost of mortgage repayments while you build!
Mortgage Assist is ideal for home buyers who are renting and have sufficient funds available for their new home deposit. If you require assistance towards your deposit, then our Deposit Boost may be more suitable.
To be eligible, you will need to be a home buyer purchasing an approved house and land package with MWC Property Group. This offer is not available in conjunction with our Deposit Boost offer and is not available for property investment purchases.
If you're eligible for Mortgage Assist, MWC Property Group will reimburse your monthly construction loan repayments while your home is being built.
Mortgage Assist will start from your new home Settlement date through to Handover day (when you receive the keys). Mortgage Assist is available for a maximum construction period of up to 12 months.
As the buyer, you will need to supply an official letter from your Bank outlining each monthly payment. MWC Property Group will not cover any additional repayments made by the buyer.
With Mortgage Assist, you can build your very own home with confidence knowing that your repayments are covered during construction. Simply complete our free assessment form online to get started!
"I would highly recommend MWC, highly professional, helpful and had great communication during the whole process of the build from purchasing and assisting with the land.”
* Mortgage Assist Terms and Conditions: Mortgage Assist is only available to eligible home buyers when purchasing an approved house and land package through MWC Property Group. MWC Property Group will cover the monthly construction loan repayments from the Settlement date through to the Handover date or for up to 12 months (whichever comes first). Construction loan repayments are for the interest only portion of the home loan. MWC Property Group will not cover principal repayments or additional repayments made by the buyer. The buyer must provide an official letter from the lender which clearly outlines the monthly instalment amount. MWC Property Group will provide funds in the form of a reimbursement. This offer is not available in conjunction with our Deposit Boost offer.