The Declining Balance Program is an interest-free financing option that is used to acquire the property you wish to own. As a future homeowner, a minimum down payment of 20% of the property value must be made at the beginning of your contract.

Under the AYA Financial Property financing agreement, both you as the homeowner and the financier contribute funds to acquire the property. You as the homeowner make monthly payments throughout the course of your payment term. A portion of these monthly payments allows you to redeem part of the financier’s stake in the property.

The remaining is a profit (user fee) payment, giving you the right to live and use the house as you please.  AYA Financial provides up to a 5-year term contract. At the end of the term, your contract can be renegotiated.

Steps:

1. Buyer and Financier sign the AYA property (or declining balance) financing agreement
2. The client buys the home using the declining balance concept of financing according to each party's capital contribution
3. The home buyer makes monthly payments to the facility. Part of the payment is the user fees to using the property and the rest of the payment is to increase the buyer's share.
4. Over the course of the arrangement, the home-buyer purchases the rest of the financier's shares and becomes the sole owner of the property.

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