Instead of making an offer to buy a home with a cash deposit, Canadians now have the all new alternative of using a Deposit Rocket Guarantee, if their deposit money is tied up in their home equity or liquid investments.
Deposit Rocket Guarantees are simply your ‘promise to pay’ the deposit amount, at closing.
Your promise is backed by our insurers ‘A’ rated guarantee, making it secure for the Seller.
We are willing to guarantee that you will provide the deposit amount upon closing, after we have verified that you have sufficient home equity or liquid investment to do so.
Deposit Rocket Guarantees are available in the amounts of $10,000 to $100,000, for up-to 9 months.
Our online system provides for approvals in 1-2 days, with instant insurance your Deposit Rocket Guarantee emailed to you and your licensed realtor.
You may make as many offers, on as many houses, as needed, until you are the successful buyer - at no additional cost! (subject to the term)
If you fail to provide your deposit at closing, we will fulfill your obligations to the Seller, and seek recovery from you.