MyBrix allows Property Owners to save on Interest, use the calculator below to work out how much you can save and how much you can keep of your hard earned dollars each month with MyBrix.
Thinking about how MyBrix can help you? Use the calculator below to work what type of funding is available via MyBrix and if you qualify for our No Interest and No Repayment offer or if you need to supplement with Gold Brix for low equity owners. You can also see how buybacks work to help you set your own budget.
Property investment is a long term strategy to build wealth, we have created a calculator to help you understand how MyBrix can help you create a strategy with different returns and yields that is diversified across different Brix types. Don’t forget you can reduce risk further by investing in Multiple MyBrix properties.
Brix discounting by Property Owners is an important aspect of attracting initial Investors to participate in funding a property and is fundamental to the financial model that attracts Investors to the MyBrix Platform. Use the calculator below to work out the discounts that will be applied to the Brix in your property to attract investors on the MyBrix Platform.
MyBrix is an innovative solution for property finance that breaks free from outdated traditions, therefore those new to MyBrix typically have questions. In this Blog we provide answers to the Frequently Asked Questions (FAQ) for MyBrix Property Owners.
A property is divided into 10,000 Brix, and each Brix represents a piece of the future sale proceeds and rental proceeds of the property. If your home has a market valuation of $1,000,000, then each Brix would be worth $100. Over time as the market value of the property increases so does the market value of Brix.
The Maximum term you can have a MyBrix facility is 10 years from settlement.
Yes, once your property is fully funded there is no interest charged and no repayments required, regardless of the amount funded, as long as you are over the minimum equity limits of 35% for Owner Occupied Properties and 30% for Rental Properties. We do, however, encourage you to re-acquire Brix from Investors to create more Brix equity in your property throughout the term of your MyBrix facility.
The Maximum you can fund is 65% for Owner Occupied Properties and 70% for Rental Properties using Standard or Silver Brix. In addition, you can fund up to 90% by filling the gap with Gold Brix. Gold Brix are subject to different terms and conditions and have mandatory monthly buybacks over 5 years.
Yes, MyBrix will pay out your existing bank mortgage with your bank as part of the conveyancing process once your property has been fully funded.
MyBrix does not provide any financial or other advice, you must obtain your own independent financial, legal and tax advice regarding the appropriateness of using any MyBrix Services, having regard to your personal objectives, financial situation and needs.
Copyright © 2023 MyBrix.
All right reserved SMS IT WORLD