home   :   site map   :   contact us
Greenway
  Click to Search
Greenway Equity Mortgage Case Studies
test.gif
gw-cnt-here.gif
You got here from HomeCase studiesBuy a home


Click to print page
Click to Send this to a Friend
Greenway Equity Mortgage Buy a home
Buy a home with a GEM and have no monthly repayments
 
Buy a home with no monthly repayments
 

Meet Mike & Jen
Mike & Jen and their children live in a small house in a good suburb but they have an increasing need for space and rising family expenses. They want to stay in the area to be close to family, friends and the kids’ schools, but they want to buy a larger home.
 
They have good income but would prefer to do more with their money than just pay large monthly mortgage repayments.

Their financial situation
Their home is valued at $700,000 and they have recently paid off their mortgage.  They were paying $2,500 each month on the mortgage, and would like to put this cashflow to good use.  They have some super, but no other investments.

Greenway Equity Mortgage - no monthly repayments
Mike & Jen can buy the home they want and have cashflow to build a diversified investment portfolio for their future

Flexibility & choice
Mike & Jen want to buy the home of their dreams, which is valued at $1,400,000 (excluding purchase costs). If they took out a traditional mortgage for $700,000, they would pay $5,171 each month. This assumes a 30 year term and a fixed interest rate of 8.07% p.a.

However, with a GEM Equity Loan of $700,000 they are able to buy this home now, with no monthly repayments. This allows them to invest their monthly cashflow of $2,500 into a diversified investment portfolio for their future.

When they sell their home in the future (or repay earlier), they will repay the original amount borrowed, plus a share of any increase in the value of their property. If there is no increase, they will simply repay the amount borrowed.

For more information please complete our online enquiry form or call us on 136 GEM (that's 136 436).


This case study is an example of how a GEM Equity Loan could be used. It is hypothetical and not based on real people. It is provided as general information and does not take into account your personal circumstances. It is intended as a summary of the Greenway Equity Mortgage (GEM) Equity Loan product proposed by Greenway Capital Limited ACN 110 870 061. No actual mortgage product is being offered by Greenway at this time.




 Downloads & links

PDF document Greenway Equity Mortgage flyer 
dist-arrow.gif Meet Greenway
dist-arrow.gif Compare a GEM to a traditional home loan
     
privacy   :   terms of use   :   contact us

© 2007 Greenway Capital Limited ABN 88 110 870 061. Greenway Capital Nominees Ltd ABN 47 111 975 181, Australian Financial Services Licence Number 285498. Greenway Capital Nominees Limited is a wholly owned subsidiary of Greenway Capital Limited.