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Loan Types Deposit Bonds
Loan Types Deposit Bonds
| Deposit Bonds |
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Deposit Bonds may substitute a cash deposit. A Deposit Bond comes in the form of a guarantee that is used by the purchaser as a substitute for all or part of the cash deposit given to the vendor when signing a contract of sale. At settlement, the purchaser is required to pay the total purchase price of the property including the deposit amount that was previously given as a guarantee. A Deposit Bond does not remove the purchaser's obligation to pay the deposit, it simply defers it. Deposit Bonds are a cost effective and convenient alternative to various forms of short-term lending products. Deposit Bonds may be used for owner occupied, investment and commercial properties in private sale, auction and off-the-plan negotiations, fees and conditions do apply. Please apply online or contact us for further information. |
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