AORE ISLAND FINANCE OPTIONS
As the developers of Lapita Plantation has the absolute confidence that Lapita Plantation Aore Island is going to become one of the leading life style developments in the South Pacific.
We are offering finance on Water Front and Water View land. This gives you the chance to get in on the ground floor with next to no risk.
Lapita Plantation has 3 different finance offers please see bellow
For more information contact Matthew Woon on phone (678) 7793180 or email mwoon@raineandhorne.vu
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SOLD OUT Vendor Terms 95% |
OPTION 2 Vendor Terms 10% |
OPTION 3 Vendor Finance30% |
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Amount payable for settlement: |
5% of Purchase Price $1000 establishment fee |
10% of Purchase Price $1000 establishment fee |
30% of Purchase Price |
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Security: |
1st Registered Mortgage to Purchaser |
1st Registered Mortgage to Purchaser |
1st Registered Mortgage back to Vendor |
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Interest Rate: |
7% calculated on 10 year term. |
8% calculated on 10 year term |
8% calculated on 20 year term but the balance will be payable at the end of 5 years. |
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Repayments: |
Monthly payments will be in the order of $1,103 * on a principal and interest basis. |
Monthly payments will be in the order of 1213 * on a principal and interest basis. |
Monthly payments will be in the order of $573.41 * on a principal and interest basis. |
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Final Payment/Refinance: |
10 years from Settlement. No Balloon Payment |
10 years from Settlement. No Balloon Payment |
5 years from Settlement. Balloon Payment to be approx 85% of financed amount. |
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Title: |
Title transferred on final payment Registered Mortgage to Purchaser |
Title transferred on final payment Registered Mortgage to Purchaser |
Title Transferred at date of possession. Registered Mortgage to Vendor |
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Costs on Possession: (ie Date of payment of Total Deposit) |
Nil |
Nil |
7% of Purchase Price Govt registration and stamp duty on Transfer 2.5% of Financed amount Govt registration and stamp duty on Transfer |
*Based on a sale price of $100,000. Actual amount depends on financed amount.
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