WHY USE YOUR OWN 10% CASH DEPOSIT
TO PURCHASE A PROPERTY WHEN YOU
CAN USE A DEPOSIT BOND...
At ZOOM, we understand that the burden of a significant cash outlay at the time of exchange can be difficult or impractical. This is especially the case when using equity in your home or other investments that cannot be made readily available as cash.
However, ZOOM can provide you with a solution, a DEPOSIT BOND!
How does it work?
It's easy. You have probably already found the property you want however, it may be under construction or construction has not commenced, you bought off the plan or settlement has been delayed by agreement between yourself and the Vendor. Although you have the 10% deposit required to secure your purchase it may be in the form of shares that you have to sell, a term deposit that has not matured yet, in a bank account earning interest or you may want to utilise equity from existing property or other investments. You can leave your deposit where it is and for a premium that is lower than current bank interest rate earnings you can purchase a Deposit Bond.
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