National Mortgage Brokers --- Home Loans: Deposit Bonds

nMB Deposit Bonds.....
A Deposit Bond comes in the form of a guarantee that is used by the purchaser as a substitute for all or part of the cash deposit given to the vendor when signing a contract of sale.

At settlement, the purchaser is required to pay the total purchase price of the property including the deposit amount that was previously given as a guarantee. A Deposit Bond does not remove the purchaser's obligation to pay the deposit.....it simply defers it.

Deposit Bonds are a cost effective and convenient alternative to various forms of short-term lending products. Deposit Bonds may be used for owner occupied, investment and commercial properties in private sale, auction, and off-the-plan negotiations - fees and conditions apply.

Feel free to browse through the nMB website on how we can help you select the right home loan or investment loan. When you're ready to take the next step, please don't hesitate to contact us online or call 1300 668 662.