Super Finance > Home Loans Melbourne > Deposit Bonds

 Deposit Bonds replace the cash deposit you normally need to pay when property contracts are exchanged. Used appropriately, Deposit Bonds a great way to secure your new home or investment property without the need to pay an up-front cash deposit.

Contact Super Finance to arrange your Deposit Bond or read on to find out how we can help make them work for you.

How Deposit Bonds Work

When you purchase a home or investment property, your cash deposit is held in a trust account until settlement. In some circumstances, however, you might be ready to purchase a property but would prefer not to pay your deposit in cash. We find this happens in a range of circumstances, including:

• cash being held in a high-interest earning fixed term accounts.
• waiting on cash made available through existing property settlements
• extended settlements that would require buyers to have cash locked away for long periods of time.

With agreement from your vendor, Super Finance can now help you arrange a Deposit Bond and retain control of your funds until settlement - giving you the freedom to secure the property you want without tying up valuable cash.

• Short Term Deposit Bonds up to 6 months. These can be used to buy all types of residential property, including apartments and house and land packages.
• Long Terms Deposit Bonds up to 48 months. These can work perfectly for purchasing property off the plan as well as property with long settlement periods.

For more information, contact Super Finance about a Deposit Bond today.