Deposit Loans: Keeping Ontario Clients Moving This Summer

Summer is one of the busiest stretches of the year for moving in Ontario. Families want to be settled before the school year. Buyers want to enjoy a new place while the weather’s good. Momentum is finally starting to pick up out there — and a broker’s job is to make sure their clients can actually close!

Why summer creates a timing crunch

Here’s what happens in this slower market. A client finds the home they want. It’s perfect. They’re ready. But their equity is locked in their home that hasn’t sold yet, and the deposit is due now. These buyers don’t want to miss out on making an offer due to a lack of deposit funds.

So a great client, ready to move, with plenty of equity, ends up stuck on the sidelines. That’s a deal slipping through a broker’s fingers, and it happens all summer long.

The deposit loan keeps them moving

This is exactly where Tembo’s deposit loan does its best work. Tembo advances the funds the client needs for their deposit against the equity in their current home — often within 48 hours. No income verification in many cases. No monthly payments.* When the home sells, Tembo is repaid from the proceeds.

So instead of telling a client “let’s wait and see if it’s still available after your sale closes,” the broker gets to say “go make the offer — your deposit can be sorted in 48 hours.” That’s the difference between staying put or making moves.

Who’s moving this summer

Consider who’s active right now:

• Young families upsizing before September, who need more space and need it now.
• Seniors downsizing while the market’s busier and people are going to showings.
• Anyone relocating for work who’s on a tight timeline and can’t wait on a sale.

All of these scenarios are house rich, cash poor in the moment — and all of them are deals if a broker can solve the deposit problem fast.

Make the most of the season

Summer momentum doesn’t last forever. The brokers who capture it are the ones who can move at the speed of the market. Keep the deposit loan top of mind for every client who’s trying to buy before they sell — and keep realtor partners in the loop too, because a fast deposit solution is exactly what helps them lock in their summer listings.

One last thing: the Tembo team is here all summer. So if a file needs to move, send it our way.

Got a house rich client trying to make a move this summer? Don’t let timing cost them the home. Call Tembo Financial at 416-238-6717 or visit www.tembofinancial.com