| What is an insurance bond, or deposit bond:
Deposit bonds are a financial guarantee, in the form of a bond, that gives you the convienence of making an upfront deposit on the purchase of a property - without having to use your own cash.
Outlaying cash can be complicated or impractial if your funds are already tied up in an existing property or other investments.
Choose the smart alternative, pay your 10% deposit with a deposit bond instead.
Theres no need to cash in your interest bearing investments, or apply for expensive bridging finance. A deposit bond now lets you pay the full amount of purchase price at settlement. It lets your money go on working for you in the meantime, wether its a term deposit, shares or as equity in your current home.
Deposit Bonds are simply better value. A small once-only cost is all you pay - much less than the interest you could earn on your cash, even if you left it in a low-interest bearing savings account.
The Cost Effective choice:
Compare these funding methods against a deposit bond:
- Personal Loan: Deposit Bonds save you up to 371%
- Mortgage Redraw: Deposit Bonds save you up to 134%
- Cash - CMT: Depsoit Bond saves you up to 64%
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