answers for pennyo, page-90

the 20% you recieve upfront and at no cost or interest.

There are no repayments and you simply pay the 20% back when you decide to sell.

On top of that.... any profit you sell for you keep 60% and the lender takes 40%.

eg.

buy house for 300k

only need to borrow 240 and make repayments on 240k

The 60k is given by the lender to cover the shortfall with no interest or repayments required.

sell in 5 years for lets say 400k

you pay back the 300k less what you have paid off and get 60% or $60,000 profit.

the lender makes 40k on their 60k investment in the property....so understand thats not good for the owner howevr 60k profit is still 60% profit.

Anyway good idea or not......its a new form of loan for those who chose to do so.

Might help with your 1:10 scenario.