What is a Deposit Rocket Guarantee?
It is simply a guarantee that you will pay the required deposit upon closing of the home. Deposit Rocket Guarantees are now used when submitting an offer instead of a traditional cash deposit.Learn More
If you are a Canadian resident, over the age of 18 who is purchasing an owner-occupied home, you are eligible!
What are the Benefits?
Deposit Rocket is quicker and easier than freeing up a cash deposit.
Apply for a Deposit Rocket.
Issued instantly online and delivered to you and your licensed realtor.
Deposit Rocket is inserted into your offer instead of a cash deposit.
At closing, simply pay full purchase price.
Deposit Rocket Guarantees are quicker and easier than the traditional method of freeing up a cash deposit.
5-minute online application, instant issuance!
No Banks or bridge loans
No arranging & delivering certified cheques
Your Money stays in the market
Can make unlimited number of offers, no extra cost!
No home appraisal
No Line of Credit applications
No investment breakage fees
Insured by Northbridge General Insurance Corporation rated “A” (excellent) by A.M. Best, “A-” (strong) by S&P, and “A” (good) by DBRS.
Larger Deposits, More Offers
Email directly to your licensed realtor
Increase amount or term instantly
Same or better position a cash deposit
Plus Policy Fee.
O.A.C. and terms & conditions apply.
Antree Demakos, J.D., CEO of Legal-Line.ca, a federal non-profit organization providing Canadians with free legal help for over 25 years, says, "Deposit Rocket Guarantees provide home buyers with fast, online access to deposit funds which are backed by an 'A-rated' insurer. This ‘Guarantee’ is as secure for the Seller as receiving a certified cheque. We are excited to connect our four million annual users to this innovative and much-needed service."
I just did my first deal with this product. It was simple and straight-forward for the client to complete all the steps to get the Deposit Rocket in place.