Deposit Financing

Mortgage Advisor in Maple Ridge, BC

• A common but overlooked part of the purchase of a home is the need to have a deposit, which forms part of the purchase price available to them once they have removed all the conditions of the purchase.
• Often, the equity they need for the deposit is tied up in the home they are currently in that has a firm sale. I can assist you in getting deposit financing and take the worry out of how you will come up with the funds for it.
• Because I am already assisting you in the mortgage process, I often have all the documentation I need to submit to the deposit financing lender and the approval process can be in as little as 24 hours. The funds will be direct deposited to your current bank account and will be paid back to the lender at the time of completion of the sale of your current home.
• This financing is only applicable to people who have sold their current home, but do not have the funds available for the deposit.