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What are the qualifying criteria? Print

Created by: Don Miller

Modified on: Tue, 22 Dec, 2020 at 5:21 PM

Current Homeowners
- Buyer(s) that are pre-approved for a mortgage or, have 1.5x the desired deposit amount, in home equity or in liquid investments
First-Time Home buyers
- Buyer(s) have 1.5x the desired Deposit Rocket Guarantee amount, in liquid investments , and/or
- Buyer(s) Parental guarantors have home equity in the amount of with 1.5x the desired Deposit Rocket Guarantee amount in home equity

For example, to qualify for a $50,000 Deposit Rocket Guarantee, $75,000 of home equity or liquid investments must be verified.

Don is the author of this solution article.

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Why Canadians Trust Deposit Rocket

George Tremis

5.0 Broker, MBA, CSP May 19, 2021

I'm the Founder and Team Leader of the GT1 Realty Group. Recently we had clients who successfully purchased a home in Lorne Park. However, they were mistaken about their ability to produce $30,000 in cash for the Deposit. Fortunately, Deposit Rocket rescued the deal within 15 minutes, via their Deposit solution. Our clients were very happy with the solution, and very impressed with how simple and cost effective it was. Thank you to the Deposit Rocket team, we appreciate you. Best, George

Stefanie Richardson

5.0 RE/MAX Treeland Realty Agent April 30, 2021

I have referred 2 clients to Deposit Rocket, they both applied and were approved instantaneously and their customer service has been stellar. Excellent customer experience!

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What are the qualifying criteria? Print

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