Our Story
Deposit Financing was founded to enable people to gain access to their sale proceeds before their home has sold. For decades people have resorting to mortgages to gain access to their equity, which results in undergoing a time consuming and costly process. Not only this but with lending rules and regulations tightening, more and more people are becoming ineligible to qualify for something they so badly need.
With over 25 years of experience, Deposit Financing was created by Mortgage Broker’s who were seeing a constant trend of a costly need, that needed to be filled. In order to obtain a mortgage, you need to pay for an appraisal, legal fees, mortgage registration and possible lender/broker fees. On top of this, you may have to provide income and credit verification, which less and less people are becoming able to do, especially if you are self-employed.
If you have a firm sale on your current residence and equity in your home, you have already qualified for Deposit Financing. Not only is our qualification process quick and simple, but we do not require an appraisal or a mortgage to be registered, which means weeks of time saved, as well as thousands of dollars.