Protection to start dreaming sooner
Buying a home is one of the most significant investment decisions of your life and also an exciting time! Start dreaming sooner by purchasing the pre-construction Purchaser Home Deposit Bond. It will enable you to be part of your home design process in advance of construction getting underway, without having to put up a full cash deposit right away.
As part of the process, the developer requires an up-front deposit even though the build-out time can be lengthy. Committing the full deposit in cash is not always the best option. A Purchaser Home Deposit Bond is a convenient alternative, allowing you to defer up to 50% of the deposit until closing.
Quick approval process
Unsecured and cost–effective solution
Select the home you want now and participate in the building process
You don’t have to expedite the sale of your existing home to finance the purchase of a new one
You don’t need to secure an expensive bank loan with monthly payments or borrow from a family member
You don’t need to liquidate investments or tap into your RRSP: continue earning interest right up until you close on your new home
Underwritten by Trisura