Yes, it's possible to put the rebate towards your home loan deposit. We just need your lender to agree to receiving a letter from us that explains how much you'll get and when. You can use any broker or lender of your choice. However, if you agree, we would be happy to introduce you to a broker who knows how to work with PublicSquare and the right lenders.
You can receive the entire rebate during the final settlement of the property if you're using it for your deposit. Otherwise, we'll transfer it to your bank within 5 business days after settlement.
PublicSquare's rebate can be used in conjunction with all new homebuilder grants and home loan schemes provided by the federal and state government. So as an example, if you are a first time homebuyer in Queensland, you could receive a total of $45,000 to put towards your deposit and expenses, including a $30,000 grant from the QLD Government and $15,000 from PublicSquare.
We work with Australia's best-loved and most affordable builders. At any given time, we usually have packages available from more than 20 different builders with properties located throughout Queensland, New South Wales, and Victoria including regional areas. Search our new homes and look out for tags like 'Commission' or '$15,000' rebate.
The first step is getting pre-approved, which is quick and easy and will not impact your credit score. If you are a homebuyer with sufficient savings to pursue a mortgage, we will ask you within the pre-approval form if you are interested in the Commission Rebate We will also ask you whether you'd like a referral to a broker.