Ingenious new product to help people with low or no deposit to buy a home

Discover an alternative to mortgage insurance with Own Home. By providing a loan to cover the balance of your deposit, Own Home allows you to avoid paying lenders mortgage insurance. This option is especially beneficial for first-time homebuyers who may not have a 20% deposit. With Own Home, you can buy a home sooner, potentially saving money as property prices rise. Plus, they provide a buyer's agent to assist you in finding the perfect property. Unlock cheaper interest rates and make your homeownership dreams a reality with Own Home.

Unlocking Home Ownership: How Own Home is Changing the Game for Buyers

The dream of home ownership is closer to reality than ever before, thanks to innovative solutions bridging the deposit gap that has long been a barrier for first-time buyers and investors alike. With the emergence of alternatives to Lenders Mortgage Insurance (LMI), navigating the property market has taken a new turn, facilitating purchases and potentially generating significant savings. This article dives into the transformative approach introduced by Own Home, the implications of such a service, and how it redefines the pathway to acquiring property.

Key Takeaways:

  • Own Home offers an alternative to LMI by providing a loan to complete a 20% deposit, enabling buyers to avoid high insurance costs and access potentially cheaper interest rates.
  • This service includes the expertise of a buyer's agent to guide clients through the property purchasing process, typically a costly endeavor.
  • Partnering with Own Home may lead to significant financial advantages over traditional mortgage insurance, particularly as it builds the pathway to lower Loan to Value Ratios (LVRs) and unlocks more favorable interest rates.

Bridging the Deposit Gap with Innovative Financing

The crux of the home buying challenge is amassing a sufficient deposit. Traditionally, achieving a 20% deposit has been a standard goal to evade LMI. "And everyone aims for getting a 20% deposit because most people know that if you have 20% deposit, then you're not going to have to pay lenders mortgage insurance." However, the reality is often different, particularly for those entering the market for the first time.

Own Home's model presents a compelling solution by furnishing the remaining portion of the deposit to hit the 20% mark. Contrary to the traditional insurance fee paid upfront, this option involves a secondary loan. This necessity to service two loans simultaneously mandates a stable income, but as the transcript highlights, "even factoring in paying two loans at once, it actually is cheaper than mortgage insurance in most cases."

The Added Value of Professional Expertise

Navigating the property market can be a daunting task for the uninitiated. Own Home matches its financial product with the hands-on guidance of a buyer's agent, a service that stands to demystify the process and enhance the quality of the purchase. The spokesperson elucidates, "when you go to buy a home, especially a first home buyer, there's a whole lot that you need to know and understand to do the buying part well." With Own Home, acquiring such service – often costing a significant sum – is part of the package, ensuring buyers make informed decisions without the added expense.

Unlocking Better Interest Rates and Future Savings

One of the most praised facets of Own Home is its ability to grant access to more attractive interest rates, translating into long-term savings. Interest rates vary according to LVR, and traditionally, lower LVRs entice lower rates. By leveraging the help of Own Home to achieve a lower LVR from the outset, buyers may enjoy cheaper rates. The generative effect explained by the spokesperson is clear: "the blended interest rate of the own home loan plus the normal home loan, but the cheaper one will let [you] save money over the course of the, you know, the first three to five years". This presents a strong argument against the singular route of mortgage insurance.

The idea of blending two loans to unearth savings manifests an innovative approach, contrasting with the monolithic structure of traditional mortgage financing. This three to five-year span is crucial, representing a period wherein financial stability can be significantly solidified.

As we circle back to reflect on the insights unveiled through the transcript, it's evident that the property landscape is evolving. Solutions like Own Home are not merely transactional; they aim to readjust the entire buying journey. The promise of speed (“You could buy the home tomorrow”), coupled with a financial strategy that circumvents often-prohibitive insurance fees and leads to eventual interests rate savings, cannot be understated.

A deeper consideration of Own Home's methodology reveals a symbiotic objective; not only to facilitate real estate transactions but to empower buyers with the right tools and guidance. It's a testament to the power of alternative financing in a world where real estate often feels out of reach for many.

Own Home's disruptive model may not fit every buyer, but for those it does, it lights the beacon to homeownership brighter than ever. As property prices continue to escalate and the 20% deposit becomes increasingly elusive, models like Own Home will undoubtedly become leading characters in the stories of many new homeowners. What lies ahead is a rebalancing of opportunities, making the prospect of owning a home less of a far-off dream and more of an immediate plan of action.

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April 25, 2024
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ShelleyGawith Functional Nutrition
May 27, 2025
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Paul was amazing to work with. He went out of his way to help us with every last question. He sorted everything out for us, was a wealth of knowledge in terms of who else to use to support us in the buying process. He made moving from New Zealand so easy. He explained everything to us in an easy to understand way. He really worked for us!!! Plus he's such a lovely funny guy, super approachable. Super responsive, has a great team. Totally took care of us in the whole process. I can't wait to use Paul again and would recommend him to every kiwi moving over and all our aussie friends :)
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May 21, 2025
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Paul from Uno has been amazing. Made it so easy! Highly recommend and made the finance process much more enjoyable experience for us.
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Timothy Semsarian
May 17, 2025
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UNO went above and beyond to help my wife and I with our home loan and settlement. Couldn’t recommend them enough - Jake Wood was an absolute legend! Kept us informed during the whole process and was very thorough with his work, even with a very tight timeframe. Thank you again for all your help, and looking forward to continue using your services!
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May 16, 2025
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100% Rockstar. We found Paul and Uno Home Loans from recommendations from people who had used his services. We know understand why he comes so highly recommended. We definitely put Paul and his team under pressure due to an oversight our end which meant that he had to don his superman cape and work miracles for us. We didn't appreciate the very very short window we created for ourselves (think less than two weeks for settlement). Paul was able to wave his magic wand, come up with multiple solutions to our situation and make it all happen seamlessly. It goes without saying then, without reservation that we recommend Paul and his team as our trusted mortgage advisor! Thanks again Paul. *****The limoncello is on route we promise :)
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Lani Wards
May 13, 2025
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Paul Davey worked very hard to get us the mortgage we required for our investment property. He is knowledgeable and approachable. Thanks Paul!
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Michael Badham
May 13, 2025
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Our entire process with Uno went very well. We had a unique set of requirements for our loan and our super friendly broker Mike Parsons managed to secure us the perfect outcome. Mike also worked above and beyond our expectations to make sure the whole process of completing the documentation of switching banks went smoothly.
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Vanessa Koster
May 13, 2025
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The service recieved from Paul was fantastic. He made the whole process stress free & easy. We started the process from NZ & Paul had everything ready for approval as soon as we landed in Aus. I would highly recommend Paul if you require a mortgage. You won't be dissapointed.
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Peta Hemmings
May 13, 2025
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Paul has been amazing throughout our entire home loan process, we have recommended him to many of our family and friends. He has been extremely helpful and professional right from the beginning.
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Ryan Whittle
May 12, 2025
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Highly recommended, Paul and his team made the process very streamlined delivering the best possible results.
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Tiana Perez
May 10, 2025
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Paul and Dalby were incredible to deal with, from the first interaction with Paul a few months prior, to getting approval to purchase, through to the last minute helping us with the final settlement details. Their communication was second to none and they truly went the extra mile. Paul managed to get us more borrowing power than dealing with the bank directly. I couldn't recommend Paul and his team enough. Paul and Dalby, thank you so much for putting hours and hours of work into our application. We really appreciate it!
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Nicholas Violaris
April 14, 2025
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Can not recommend UNO Home Loans enough, Scott Wilkinson and his team have helped us get a home loan in no time and they have been a breeze to deal with, great job guys, looking forward to working together more in the future
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Lahnie Cooper
March 26, 2025
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Jake Wood was a pleasure to work with and made this process extremely easy for me! I highly recommend Jake and the team at Uno.
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