Build Now - Pay Later Housing Scheme
WHAT IS THE PROGRAM ABOUT?
The Build Now – Pay Later Program is tailor-fitted to lot owners wanting to build their house today but lack the resources to do so. The program entails a mixed financing method bridged by both us “the building firm” and partner banks as “the financial institution”. We will be exploiting all the financing facilities available to our company with the aim to provide you a No Down Payment & No Upfront Fee transaction.
WHAT IS THE MAXIMUM PAYMENT TERMS?
You may opt to pay your amortization up to 15 years maximum for the bank’s side and a maximum of 5 years for the amount financed by Expert Real Estate. Our partner banks have flexible payment terms that you can choose from. Most of our clients opt for a longer payment period and then accelerate it by paying more whenever they have extra cash. You may note that there are no pre-payment fees and in most cases, you get a rebate for your advance payments.
HOW MUCH WILL BE MY MONTHLY PAYMENTS?
This would depend on the cost of the home you want to build. Prices will differ based on these basic factors – total size of your home, preferred materials to be used, complexity of the design, terrain profile, etc.
WHEN WILL MY PAYMENT START?
You will start an equal monthly amortization for the payment terms you choose after the house is fully completed. For example, if the construction period is 10 months, your first payment will start on the 11th month from groundbreaking date.
WHO ARE QUALIFIED TO AVAIL OF THIS PROGRAM?
There are eligibility requirements for the Build Now Pay Later Program and all applications are subject to management’s approval. Biggest qualifiers are below:
1. Those with existing Lot registered under their names.
2. Those with fully paid Lots but pending transfer of Land Title.
3. Those with stable income and eligible to Bank or Financing.
For those who have not met with the above requirements, we have other financing programs for you but would entail an upfront fee. All applicant will be require to go through an assessment processes which will cost a fee of Gh¢100.