Tools'n'Tactics 009: Get Quick & Easy Financing with Deposit Financing

Tools 'N' Tactics is our newest series. It highlights the best apps, tools, and tactics to help make your mortgage business easier, faster, and more profitable.

Scott talks with Neil Beaumont from Deposit Financing. Deposit Financing is a private company that lends money to people that have a firm offer on a home they are selling. They offer fast financing with no additional fees, no payments, and no repayment until the house is sold.

What is Deposit Financing? We are a private company that lends money to people that have a firm offer on a home they are selling.

How Does It work? Do you need appraisals? Nope

What would be a no for you? When someone has negative equity.
We can't go over 75% loan to value.

There are no payments until the sale is complete.
No legal fees.
If I needed to borrow $30,000 what would that cost? We only charge 5%

What is the biggest problem with getting these loans set up? Time
We require an assignment of funds and we need a Lawyer or Notary to sign off on it.

How can brokers use this? Quick funds. Money can be ready the next day.
Ask ahead of time where the client's deposit funds are coming from.

 

Benefits of Deposit Financing Loan No Appraisal Required
No Credit Check
No Income Verification
No Payments
Quick Funding
Easy Application
Repayment Not Due Until Sale of Your Home
No Legal Fees

 

Apply For A Deposit Financing Loan

 

Contact Deposit Financing Web: depositfinancing.ca
Email: [email protected]
Email: [email protected] 
Tel: 1-866-309-0441