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Buying a home in Canada? Here's what you need to know about Deposit Rocket Have you heard of a Deposit Bond? A Deposit Bond is a fully accepted and established method of selling property in Canada and in several countries. Now, over six months after it launched in Canada, Deposit Rocket's quick and easy alternative to the conventional residential home cash deposit continues to turn heads in the Canadian real estate world. The rate of Canadian homebuyers purchasing an owner-occupied residential property through a licensed realtor and solicitor through Deposit Rocket continues to grow. You can visit Deposit Rocket and apply now for a trusted and stress-free alternative to cash deposits by unlocking your equity for a quicker and easier home purchase. Deposit Rocket offers a streamlined 5-minute online application, making it easy to declare the equity that you have in your current home or the market value of your investments. Upon approval and payment, the Deposit Rocket is emailed to the Buyer and their Realtor. The Realtor attaches the Deposit Rocket to the Agreement of Purchase & Sale and uses the Deposit Rocket instead of the cash deposit for the offer. Deposit Rocket offers real- time amount increases and easy extension options or if more time is needed to house hunt or close. Once the offer is accepted, the Seller's Realtor holds the Deposit Rocket as the cashable, callable deposit commitment until closing and the Buyer simply pays the full purchase price including the deposit amount at closing. If the offer is not accepted, the Deposit Rocket can be used again and again for the duration of the term, until the buyer finds the right home. depositrocket.ca
