What if you don't have a cash deposit?
When you have found the right property and need a deposit to secure the purchase, Deposit Power can help by providing a short term guarantee.
A Deposit Power Guarantee is an ideal substitute for the cash deposit required when purchasing a residential property and can be issued for all or part of the deposit amount required, up to 10% of the purchase price.
This means when you are purchasing a residential property, you do not have to pay the deposit in cash when the contracts are signed, you simply pay the full purchase price to the vendor at settlement.
A Guarantee from Deposit Power is the perfect solution for first home buyers, home owners with funds tied up in their current property, and investors as well.
As long as you have the funds available at settlement, with Deposit Power you are in the position to buy your perfect property as soon as you see it, and don’t need to wait to arrange the deposit in cash.
And Deposit Power has guarantees to suit both short and long term settlements, allowing you to purchase existing homes, buy off-the-plan homes or build your own home on a vacant block.
To find out how Deposit Power can work for you, ask your Aussie Mortgage Broker today.
The guarantor is Vero Insurance Limited ABN 48 005 297 807. Deposit Power is a registered trademark of Vero Insurance Limited. The information in this brochure is correct at time of printing. Vero reserves the right to change this information without notice.
¹Aussie awarded Mortgage Broker of the Year in 2008, 2009, 2010, 2011 & 2012 by AB+F Magazine.
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Loan Amount:$790,000Read Melissa's story