In today’s housing market, where prices are rising by double digits and where supply is limited, buyers need every inch of flexibility they can muster to make competitive bids. When detached home prices and even some condo prices are rising by an average of 30% per year, an average deposit is not enough.
For homeowners looking to sell their homes to upsize and cash in on their hard-earned equity gains, Tembo Financial’s equity advance loans provide supercharged flexibility. Many of our clients come to us because they didn’t want to lose a third of fourth bid for the home of their dreams. Some come because they don’t have the deposit they’ll need to downsize and move into a new condo or lakeside cottage for retirement soon enough.
Many smart homeowners are choosing to cash in on this market and are selling. Oftentimes however, we’ve had clients tell us that they were happy to sell but realized they wouldn’t get the proceeds of the sale for months… leaving them in limbo and at a disadvantage with the multitude of buyers looking to get into the market. That’s where Tembo supercharges our clients’ flexibility.
Tembo’s equity advance loans allow you to borrow a chunk of the equity in the home you have sold or are about to sell. Our process is fast and our fees are fair. Tembo doesn’t just help with deposits, we’ve had clients use our services to renovate their homes pre-sale, or to buffer against unexpected moving costs, buy new appliances or furniture, and even to consolidate their debts.
A submitted application can result in money in your account within 48 business hours. Nothing puts a bigger smile on our faces than seeing how happy and pleasantly surprised our clients are when they get their cheques the same day they sign final document packages. Zippy, speedy, fast, we know that in today’s market, every minute counts. Easy and fast, that’s how Tembo helps you make your house into your home.
Have you sold your home, and now can use an advance on your equity before closing day, perhaps you need money for renovations? Tembo Financial can help! Tembo offers this unique service to homeowners in Ontario and the GTA. You could receive your money in as little as 48 hours with no credit check and no appraisal* for expenses that matter to you. Don’t wait, start today!
*Subject to qualification.