What is a Deposit Bond?

Mortgage Choice –Eight Mile Plains Info series

 

JARGON EXPLAINED!

 

DEPOSIT BOND

 

This is a substitute for a cash deposit and takes the form of a guarantee that the purchaser will pay the full deposit amount by the settlement date.

For more information contact Bob Korver on 0408 050 378 or Vicky Bleathman on 0403 152 390 from Mortgage Choice – Eight Mile Plains or visit https://www.mortgagechoice.com.au/bob.korver

 

 

Important information

This article is for general information purposes only. It has been prepared without considering your objectives, financial situation or needs. You should, before acting on the advice, consider its appropriateness to your circumstances.

 

Posted in: Home loans

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