Tembo is here to help! With our fast service, get access to your home equity within 48 hours, allowing you to purchase that next perfect home today! * With flexible terms and repayment options, a Tembo Deposit Loan is the perfect tool to provide flexibility to homeowners while embarking on a real estate transaction.
Never miss another offer date! Regardless of whether your home is on the market for sale, you are planning to list shortly, or the home is already sold, Tembo Financial can advance homeowners the funds needed to get that dream home! Getting a short-term loan for a deposit is common, quick and easy with no credit checks, income verification or home appraisals*. Also, in uncertain times, when homeowners aren’t sure when their house will sell, our flexible terms provide maximum flexibility. The best part is, we simply get repaid on the closing date of your sale with options for no monthly payments.
In addition to deposits, we can also provide funds to help cover moving costs, junk removal, staging costs and any other items involved with a homeowner’s big move.
Today’s home deposits are usually 5% and cost between $30,000.00- $150,000.00 making it extremely difficult for most Canadians come up with the cash without having their existing home already sold. Tembo Financial provides homeowners peace of mind by providing the most flexible loans for any real estate transaction. Don’t let cash flow get in the way of securing that next dream home! Waiting for a property to close could be the difference of being priced out of the market, as well as costing homeowners unnecessary storage, rental and moving costs.
Don’t wait for the closing date! Speak to Tembo Financial today to see how you qualify for a deposit loan in Ontario. Tembo Financial serves clients across Ontario, including Toronto, North York, Brampton,Vaughan, Richmond Hill, Mississauga, Ottawa, Kitchener, Waterloo, London, Niagara, Windsor, Barrie and more! Email us at info@tembofinancail.com or call us today 1 844 238 6717
When purchasing a home, the buyers are required to provide an upfront deposit to the sellers, often 5% of the total purchase price. The deposit is used by the buyer to show the seller that they are committed to making the purchase and has the financial means to close on the property. In hot real estate markets,offering a larger deposit is often a useful negotiating tool as it shows the sellers that the buyer is very interested in the property. In today’s market, deposits have become very important but are expensive as housing prices continue to climb year over year. Many existing homeowners can leverage existing home equity to obtain a deposit loan to submit a compelling offer agreement on a new purchase.
Ajax, Arnprior, Bancroft, Barrie, Bracebridge, Bradford, Brantford, Belleville, Burlington, Brampton,Caledon, Cambridge, Collingwood, East Gwillimbury, Erin, Fort Erie, Guelph, Goderich, Gravenhurst,Grimsby, Hamilton, Halton Hills, Huntsville, Ingersoll, Kawartha Lakes, Kingston, Kitchener, London,Markham, Mississauga, Milton, Mono, Newmarket, Niagara Falls, Oakville, Orillia, Ottawa, Orangeville,Pelham, Pickering, Peterborough, Prince Edward County, Richmond Hill, Sarnia, St Catharines, St.Thomas, Toronto, The Blue Mountains, Vaughan, Wasaga Beach, Whitby, Waterloo, Whitchurch-Stouffville, Windsor.
Mike and Mary have recently sold their house firm with a 90-day closing. Now having the peace of mind about the sale, they are eager to start looking for a new home close to their friends and family. The problem is, they don’t have the funds required to put a deposit down until their sold houses closes some 90 days later. Mike’s friend suggested they call Tembo Financial as Tembo can provide a short-term deposit loan and provide funds within 48 hours with NO appraisals, NO credit checks and NO income verification*. Mike and Mary can comfortably search for their new “dream home” and take care of costly moving expenses. Mike and Mary loved the fact that there are no monthly or up front payments as Tembo defers or prepays all interest payments on sold homes and simply gets repaid on the closing date*