Deposit Rocket is a low-cost alternative compared to other options such as overdrafts, bridge financing or other short-term loans. A Deposit Rocket has a one-time cost that is calculated based on the deposit guarantee amount desired and the term required. It is not a loan extended to you and therefore, you won’t have to borrow any money or pay any interest. There is also no transfer of money.
Deposit Rocket unlocks the equity in your current home, so you do not have to tie up or secure a line of credit or deal with the bank or home appraisal fees.
Using a Deposit Rocket Guarantee also allows you to keep your money in the market so your investments keep earning you money until closing.