poviding the real estate deposit for your next home purchase

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
financing 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.

How does deposit financing work?

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.

How can I access deposit financing?

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.

Simplified Features:

• No Appraisal
• No Payments
• No Prepayment Fees
• Quick Funding
• No ““Credit Check


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
1. Processing Fee: 5% {$1,000 Minimum}
2. Interest Rate: 1% Monthly
3. Deposit Amounts: $10,000-100,000 unsecured
4. Deposit Plus Amounts $10,000 – $50,000 Unsecured
Documents Needed:
• Government ID
• Client Void Check
• Title of Home (Sale Property)
• Purchase Agreement of New Home
• Copy of Current Mortgage/Charges
• Sale Agreement with Subject Removal


Get Started



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