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If you're shopping for a home or condo within a development that won't be completed for months or even years from now, Deposit Alternative can help you arrange a Deposit Bond.

What's a Deposit Bond?

It's a substitute for the cash down payment or deposit required when purchasing a property. This solution allows you to secure your home purchase now. Rather than paying the deposit amount required in cash, you only pay a small premium for the Deposit Bond, which the seller or developer accepts in lieu of cash. Deposit Bonds can be issued from 3 months to as long as 4 years, which means you can keep your money working for you right up until closing, when you will be required to pay the property's full purchase price.

What does a Deposit Bond cost?

A Deposit Bond costs 4.5% of the Deposit Bond Amount per annum, plus a policy fee and applicable taxes. The total cost of the Deposit Bond is paid up-front. You will find that this cost is lower than other forms of financing.

Why tap into your funds when you don't have to?

By using a Deposit Bond, you can leave your savings or investments untouched, and you won't have to obtain finance for the deposit by using equity in other property. Therefore, you won't have to tie up large sums of money for months, even years, as you wait for your residence to be completed. Best of all, the cost of the Deposit Bond is significantly lower than obtaining other methods of finance. So, if you're challenged in deciding where or how you'll come up with the cash required for your down payment, a Deposit Bond can be a timely and promising solution for you. When you compare, you'll discover that no other finance option gives you as much convenience, with as many financial advantages. Like to find out more?

Why not give us a call right now?

By investing a few minutes to call us, we will explain the application process to you and how you could be able to secure your dream home or condo in mere days from now.

Call us now at 1.702.835.6806.