Episode 3 · 45s
Progressive Payment Scheme Explained
Why you don't pay a full mortgage on a home that isn't built yet — and how payments follow construction milestones.
Key takeaways
- 1
Two homes at the same $3 million price can cost very different amounts each month — the difference is how you pay, not the price.
- 2
With a completed resale, your full home loan kicks in almost immediately, from month one.
- 3
With a new launch under construction, you pay 5% to book and 15% to exercise, then the bank releases the loan in stages as it's built.
- 4
Early payments stay small; even by TOP you're only servicing about 85% of the mortgage — so plan for that jump.
- 5
Which option suits you comes down to your cash flow.
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Book a ConsultationNext: Episode 4 — New Launch vs Resale