Is your home on the market but you aren't sure how to secure a deposit for your new
home until your current home is sold? Being uncertain of how to obtain deposit funds is
an issue many buyers face, especially with the state of the housing market across
Canada. Right now, home prices are sky-high, leaving some sellers worried about how
they will purchase a new home with all their equity tied to their old house.
If you're facing this dilemma, deposit financing may be the right option for you. Deposit
offers qualified borrowers access to the equity in their home before the sale of
their home completes. It provides sellers peace of mind knowing they can purchase a
new home without going into debt, dipping into savings and investments or scrambling
to find a potentially significant amount of cash for the deposit.