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.
Great product, helped us out in a pinch!
Very happy client! Amazing product. I would definitely recommend this to anyone.
This was very helpful in the the purchase of my home! Quick and simple - thank you!
Just helped my son with his first home, deposit rocket made it easy! Great product & great service!!
Amazing service! I had an awesome experience highly recommend! 🙌🏻. Thx guys
I’m a REALTOR who will ALWAYS recommend Deposit Rocket to my clients! Deposit Rocket ensured a smooth transaction for my buying clients over a weekend! Their customer service is top notch. Naresh was available to me at all hours to help guide and educate everyone involved. I can’t say enough good things about Deposit Rocket and their support team. Deposit Rocket is revolutionizing the way Canadians make deposits in Real Estate!
Keller Williams Agent 5.0
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.
The Mortgage Group 5.0
This vision of the future is needed!
CEO Lamb Realty Inc. 5.0
President Core Realty Partners inc 5.0
Deposit Rocket™ truly simplifies the process of making an offer for buyers whose equity is tied up. Moreover, Deposit Rocket™ makes it possible for first-time home-buyers to make a competitive offer with the support of a guarantor's equity. With this, realtors, mortgage brokers, and lenders can close transactions quickly and with confidence.
Legal Line Co-Founder 5.0
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."
Centruy 21 Agent 5.0
This is such an innovative way to get deposits for a purchase!
Forest Hill Real Estate Inc -Broker 5.0
Deposit Rocket will allow my out-of-town clients to make an offer without the inconvenience of providing a deposit cheque. They also won't miss out on any must-buy properties because their deposit funds were tied up.
Great program, smooth process,happy client!
Investment Advisor 5.0
Very exciting innovation coming from the team at Deposit Rocket Inc. Real estate deposits have always been a challenge and this new insuretech play has helped relieve that tremendously.
Insightt Founder 5.0
Innovation is all about solving a pain point(s) in an industry and we wanted to give a shout out to Deposit Rocket Inc. for leveraging technology and innovation to make this happen.
There could not be a better time for an innovative offering to solve the deposit pain point in the real estate transaction than with an insurtech offering
We wanted to give a big shout out to Don Miller and his team for this very new and innovative solution to the Canadian market and will be interesting to watch solutions like this become the defacto industry standard like they are in Australia. Very innovative and timely new offering for the real estate industry. To learn more about Deposit Rocket Inc., visit https://lnkd.in/g_v9UCJ
#innovation, #realestate, #entrepreneurmindsets #insurtech, #fintech #depositorocket
Insurtech Founder 5.0
I really see DR, making property ownership more accessible, more expedient to the market and helping homeowners accelerate the process. I really appreciate the solution Deposit Rocket is bringing to the market and highlighting the value of insurtech.
Real Estate Publication 5.0
Many Canadians’ home equity is tied up in their homes, and because pulling it out is contingent on a bank appraisal, which can take time, that dream home risks slipping through the hopeful buyer’s fingers. However, Deposit Rocket’s partnership with Northbridge General Insurance Corporation allows it to extend deposit guarantees that are backed by an A-rated insurance company. Deposit Rocket is now available and it’s built upon a successful 30+ year model that’s common overseas, notably in Australia, and to a lesser extent with Canadian real estate developers that sometimes extend deposit guarantees on preconstruction homes. Moreover, as an online platform, digitizing every facet of the procedure, from collecting signatures to delivering the offer, significantly reduces time, which, in theory, enables a disappointed homebuyer to move on to their next target without going to the bank over and over again to deal with certified deposits.
Founder of intelliMortgage Inc.
Deposit Rocket lets you offer a bigger deposit than you otherwise might.That might be appealing to some sellers.
Investment Advisor 5.0
What Deposit Rocket is offering looks very interesting. I’ve checked the website as well as the press release and it looks to me like you have a great product!