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.
"Aussie has a good reputation and appealed to us because we knew the legwork would be done by someone who knew how to help us compare all the available products."
Loan Amount:$790,000Read Melissa's story
¹Aussie awarded Mortgage Broker of the Year in 2008, 2009, 2010, 2011, 2012, 2013 & 2014 by AB+F Magazine.
## Rates valid as of 08/10/13 and are subject to change or we may introduce new ones in the future. Approved customers only. All applications are subject to lending and approval criteria. Terms, conditions, fees and charges apply. Interest rate offered will depend on our assessment criteria.
** The comparison rate is based on an unsecured personal loan of $30,000 over 5 yrs. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Any information is general and not based on any consideration of your objectives, financial situation or needs.