Could a deposit bond be your solution to securing a property?

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Deposit Bonds

Before taking their property off the market, your vendor wants a deposit to ensure that you will settle, but your funds won’t be available until settlement. What do you do?
Most vendors require property purchasers to pay a deposit ahead of settlement as a commitment to purchase the property. If a purchaser doesn’t have that money to hand immediately, but will at settlement, a deposit bond can be used in lieu of cash.
The bond provider will need to verify that the purchaser has the capacity to fund the property’s full purchase price plus the bond provider’s fees on the settlement date. Fees are usually a percentage of the purchase price, and approximately five per cent is common.
Most bond providers’ assessments do not take into account any expected earnings between the bond’s issue and the settlement. Rather, it assesses the equity value of the purchaser’s assets at the time of application.
A deposit bond is not a form of insurance for either the vendor or purchaser. If a purchaser who has used a deposit bond decides for any reason not to go ahead with settlement, the deposit can be claimed by the vendor, and the bond value will still be payable to the bond provider by the purchaser.
Deposit bonds can be used for residential, investment and commercial property purchases, and can be combined with other deposit types, so a deposit could be made up of bond, cash and loan money.
Most providers will issue a bond with an expiry date matching the settlement terms of the property, up to two years, so that a longer bond expiry can be used when purchasing property off the plan.
Usually, an unused guarantee can be returned to the bond provider for a refund, less administration fees that vary from one provider to another.
For more information on a Darwin home loan from a Darwin mortgage broker call today on 0447 499 794. You can access our Mortgage Calculator here.

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If you are looking for asset finance we can arrange a loan for:

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Easy Steps to get your Personal Loan

1) Call Nick Kirlew on 0447 499 794 to arrange a phone call or personal visit.

2) Understand the best way to achieve your goal.

Thinking of Refinancing?

Why would you let this happen?

Maybe you didn’t know this but a large majority of home owners in Darwin who have a mortgage are needlessly paying more interest to their bank than they need to be …

How do I know?

Well, every day, I help time poor people refinance their loan to a better rate.
The best part about this is I get to hear about how they have used the money they have saved
They all get really excited when they find out they can re channel the savings into things like

A new kitchen fit out
Remodeling their bathroom
Adding an extra room to the house
Some have replaced their car and a few …
They are posting pictures form their overseas holidays.

And some did this, without spending a cent more out of their weekly budget. They just used that surplus that they saved through refinancing and reapportioned it to a better-quality lifestyle.

Isn’t that amazing?

If the thought that you are paying too much interest on your mortgage bothers you, then I have created a 5-point check list that tells you how you could turn this around in your favour.

The 5 Steps To Changing Your Lifestyle Through Refinancing Guide

And the good news is …

It is easy and fast to implement each step.
To receive your copy of the guide click the Learn More button, put in your details and I will email the guide to you straight away.
I’ve seen how following the checklist has put a big smile on my clients faces and I would love to see it do the same for you!

6 Steps to Fast Track the purchase of your First Home

Buying your first home is an exciting process.

Having the correct information will help you to achieve your property goal.

You will have questions such as:

How can I access up to $50,601 for a first home owner building or buying a new home to live in, and up to $28,601 to buy an established home?
What loan types are available?
Which lender do I use to get my loan?
How much can I borrow?
What will my repayments be?
Can I afford it?
What if I don’t have a deposit?

All these questions are valid and can be answered by downloading the free guide here.

My name is Nick Kirlew and I am a professional Darwin based mortgage broker here to help you achieve your goals and dreams.

The guide is to make the process of buying your first home as stress free as possible.

When you download this free guide it will help you begin this adventure by taking you through the 6 steps to fast track the purchase of your first home.

Regards
Nick Kirlew Mortgage Broker

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Nick Kirlew Darwin Mortgage Broker

Arafura Finance Brokers is an Authorised Representative (No. 420372) of BLSSA Pty Ltd, ABN 69 117 651 760. Australian Credit License Number 391237.
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Contact Nick Kirlew Mortgage Broker on 0447 499 794.
Darwin, Refinance, Home Loans, First Home Buyer, Mortgage Brokers.

2/6 Montoro Court Larrakeyah NT 0820