Make your dream home a reality with easy, cash-free deposit bonds
Are you looking to secure your dream home without a large upfront cash deposit? Deposit bonds could be the perfect solution!
Here at Mortgage Choice, we make deposit bonds easy to understand, helping you feel confident and stress-free as you move toward owning a home. From start to finish, we’re here to guide you and make sure it works smoothly for your needs.
.jpg (1))
What are deposit bonds and how do they work?
A deposit bond acts as a temporary cash substitute for the initial deposit required when buying property. Essentially, it’s a guarantee that assures the seller you’ll have the deposit funds ready at settlement. This flexibility allows you to secure a property while keeping your cash available for other priorities.
Deposit bonds cover 5-10% of the property’s purchase price and are mostly popular in New South Wales for their convenience and accessibility.
4 Smart Reasons to Use a Deposit Bond
Deposit bonds offer several benefits for property buyers, including:
- Keep your cash flow flexible
Free up your finances with a deposit bond instead of locking up cash. This is especially useful if your funds are tied up in your current home and you’re not ready to sell just yet. A deposit bond covers your deposit on your new property, so you can move forward with your plans without waiting to sell first.
- Avoid cash tie-ups on off-the-plan purchases
Thinking about buying off the plan? A deposit bond can help you avoid tying up your cash for months, or even years, while you wait for construction to finish. This way, your savings stay intact and accessible until settlement. It’s a great choice for both investors and future homeowners who want to keep their cash flow open until they’re ready to move in.
- Bid confidently at auctions
Deposit bonds let you stay flexible at auctions. Even with a fixed bond amount, you can leave the vendor and property details open—ready to fill in if you win. This flexibility becomes handy if you’re attending multiple auctions.
- Enjoy a fast and easy process
With a trusted deposit bond expert guiding you, the application process becomes simpler, making sure your bond is issued smoothly and on time.
.jpg (2))
Is a Deposit Bond Right for You?
Wondering if a deposit bond is the right choice for you?
It’s an option that works great for:
- Investors waiting for the release of their funds from other assets or who want to pay for the property in full at settlement.
- Property buyers who plan to use the proceeds of their existing property but need cash flow flexibility until the sale of their property is complete
Before proceeding, just make sure to check the vendor will accept a deposit bond, and be aware, deposit bonds do come with a cost.
With decades of experience at Mortgage Choice, we’ll help you assess if a deposit bond aligns with your goals and financial situation.
Why choose us?
If deposit bonds sound new or even a bit confusing, don’t worry – we’re here to walk you through everything, so you’re not just informed but also confident every step of the way.
- Simple information, clear guidance
Finance terms can feel overwhelming, but we’re here to make them simple. We break down the complex details into clear, practical insights that fit your goals. No jargon—just information that helps you make the best decisions for your finances and lifestyle.
- Flexible deposit bond solutions
We get that each home-buying journey is unique, and so are your options with deposit bonds. That’s why we offer a range of deposit bond solutions with flexible terms to suit both your immediate and long-term plans.
- Honest and transparent advice
Trust is key when making financial decisions, which is why we’re all about honesty and transparency. No hidden fees, no surprises—just clear advice and competitive options that give you peace of mind.
Find out how deposit bonds can work for you!
Contact us at 0488 858 056 or Schedule a callback today, and let us make your property journey smoother, simpler, and more accessible!
Start your home loan journey today
Find out how much you can borrow.
Find out how much you can borrow in just a few minutes! Use our helpful home loan calculators to determine your borrowing capacity, so you can have confidence when it comes time to find the perfect home.
Try our home loan calculator here.
Contact Michelle Schaafsma or Jeff Fullick at 0488 858 056 or Schedule a callback
We can also help you with
- Mortgage Brokers West Pennant Hills
- Mortgage Brokers Beecroft
- Mortgage Brokers Cherrybrook
- Mortgage Broker Carlingford
- Mortgage Broker Dural
- Mortgage Broker Kellyville
- Mortgage Broker Castle Hill
- First Home Buyers
- Refinancing Your Home Loan
- Investment Loans
Smoother experience as they have all your information.
Better understanding of your financials to provide tailored advice. 
Faster response compared to being matched with a new broker.
