When you purchase a home with a Home Purchase Plan from StrideUp, you start by paying a deposit contribution. StrideUp then covers the rest of the home's value, known as the "Buyout Share," which you buy back over time.
Buyout Share Details:
This is the portion of your home that you'll reclaim through your monthly payments.
The size of the Buyout Share is determined by your initial deposit, the plan you select, and your priorities.
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Your home may be repossessed if you do not keep up the payments on your Home Purchase Plan.