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If you have equity tied up in your home or investments, Deposit Guarantee will unlock your deposit amount instantly. It can also be used by first-time home buyers. Deposit Guarantee is a real estate deposit guarantee that guarantees the deposit amount until closing. The Deposit Guarantee simply takes the place of the cash deposit required prior to the purchase of a property.
The applicant(s), must have equity in their current home or liquid assets, in order to qualify. First Time Home Buyers can also apply with their parents, utilizing their home equity.
5-minute online application, instant issuance!
No Banks or bridge loans
No arranging & delivering certified cheques
Your Money stays in the market
No home appraisal
No Line of Credit applications
No investment breakage fees
Policies Underwritten by Aviva Insurance Company of Canada.
Antree Demakos, J.D., CEO of Legal-Line.ca, a federal non-profit organization providing Canadians with free legal help for over 25 years, says, "Deposit Guarantees provide home buyers with fast, online access to deposit funds which are backed by an 'AA-' rated insurer. This ‘Guarantee’ is as secure for the Seller as receiving a certified cheque. We are excited to connect our four million annual users to this innovative and much-needed service."