Let’s deep-dive into the Monthly minimum option - one of the two payment options for Homebase’ Buy with Installment product!

What is the Monthly minimum option?

Useful article: How Many Payment Types of “Buy with Installment” are Available?

The Monthly minimum option is designed to help homebuyers minimize their monthly payment. Instead of paying both the property’s price and the appreciation rate, owners can now choose to pay the appreciation rate only. This can help you save more per month and accumulate wealth for a future payment.

Three important notes on the Monthly minimum option

Some highlights of the Monthly minimum option include:

1. You’ll deposit the appreciation rate only every month.

2. You’re free to use the property at your disposal - rent out, move in, or revamp it!

3. The paid amount per month is significantly lower than the Fully buyout option.

Who should choose the Monthly minimum option?

The Monthly minimum package is perfect if you:

Want to save more and pay less every month. 

You don’t have to deposit a huge payment per month and can still enjoy the benefits of living in or renting out the property.

Don’t have a fixed income at the moment… 

…And therefore cannot take out a bank loan. Most banks in Vietnam require solid proof of your income streams. On average, a mortgage applicant needs to prove at least 5 million VND/month as a valid and stable source of income to qualify. While this is not a big amount, proving a consistent monthly income can be challenging for seasonal jobbers, freelancers, and other contractors.

In this case, a more flexible owning scheme will be more beneficial.

Are projected to have larger income streams in the future.

Many entrepreneurs and startup founders have yet to generate enough income to cover your monthly payment. Some investors also have to wait for months or years on the expected returns. 

Don’t let these delay your homeownership! Opt for the Monthly minimum payment plan and let Homebase help you move into your dream home today.

What does the buying process for the Monthly minimum option look like?

Step 1: Select a property you want or we can recommend an agent to help

Step 2: Homebase will buy the property from the seller after receiving your initial deposit

Step 3: We will pre-agree with you a buyback price based on the property’s appreciation rate over time

Step 4: Each month, you’ll pay the appreciation rate only to build up ownership

Step 5: At any time, you can pay more to buy the property back sooner, or walk away and cash out your current savings. 

Useful article: How does Buy with Installment work?

Is the Monthly minimum a good fit for me?

For these reasons, you can choose the Monthly minimum to reduce the financial burden every month. The benefits of owning are the same as the Fully buyout option, including access to the entire property!

Let us know your concerns at contact@gethomebase.com, or phone/Whatsapp/Zalo at (+84) 964 245 404. We’re honored to be your trusted partner!