What is a deposit Bond?

Deposit Bonds are a financial guarantee, in the form of a bond that gives you the convenience of making an upfront deposit on the purchase of a property - without having to use your own cash. A deposit bond is essentially an insurance product and is issued by an Insurance Company. Outlaying cash can be complicated or impractical if your funds are already tied up in an existing property or other investments. But you don't have to miss out on great opportunities, just because your money isn't readily accessible. Choose the smart alternative. Pay your 10% deposit with a Deposit Bond instead.

Why Use A Deposit Bond?

By using a deposit bond, you no longer need to cash in your interest generating investments, or apply for expensive bridging finance. A Deposit Bond now lets you pay the full amount of the purchase price at settlement. It lets your money go on working for you in the meantime, whether it's in 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 bank savings account.

How do I get a Deposit Bond?

Talk to us at Acute Mortgage Reduction and we'll start to arrange a Deposit Bond for you over the phone. Best of all, your Deposit Bond can be issued within 24 to 48 hours, subject to normal terms and conditions. You can then relax knowing your money is safe and secure, with nothing more to pay until the settlement date arrives. It's no wonder Deposit Bonds are now recognised around Australia as the preferred alternative for smart property buyers.