Deposit financing is for clients that have a firm offer of their existing residence, but they
don’t have the funds available for a deposit on their next purchase. A conditional offer
letter allows home sellers to access the equity in their current property.
Deposit financing can help clients get an accepted offer on their next property without
having to redeem investments or wait for the completion of their home.
If you’re interested in deposit financing, your broker can help guide you through the
process. They will let you know what type of supporting documentation will be needed in
addition to the firm sale agreement.
Deposit financing is a type of loan product with varying rates.
Depositb4uclose.ca, we have access to lenders with reasonable short-term rates. They
typically charge a processing fee at a rate of
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