A New Deposit Option for Canadian Homebuyers

by | Aug 18, 2022 | Real estate

Home Deposits Now has partnered with Aviva Canada 

Home Deposits Now has partnered with Aviva Canada to revolutionize the real estate marketplace for home buyers, sellers, realtors, mortgage brokers and lenders by providing a smart and easy alternative to the traditional home deposit that is as secure as a certified cheque.

Now underwritten by Aviva Canada, the Home Deposit Guarantee is a surety bond that guarantees the deposit amount until closing. This guarantee seamlessly places both the buyer and the seller in the same position as with a cash deposit. This bonding process is already common practice in Australia and Europe, and Home Deposits Now is excited to bring it across the pond.

In addition to its partnership with Aviva, Home Deposits Now continues to bring innovation to the housing market by partnering with the AIR MILES Reward Program. Home Deposits Now Preferred Partners, customers, and real estate professionals will earn 1 Reward Mile per $100 of premium along with special bonuses.

“Now, let’s get to the elephant in the room – we’ve launched our new brand under Deposit Rocket Inc, Home Deposits Now!” says a news release. “As part of our rebranding strategy, this change aims to emphasize exactly what we do – provide a quick and simple solution to a stressful problem in the home buying process. Canadians can now instantly unlock the equity in their current homes or liquid investments with the Guarantee, giving them the competitive edge when putting in offers on a new home.”

Home Deposits Now CEO, Don Miller, underlines his vision: “Our goal is to take some major friction out of the home buying experience. Liquidating deposit funds is stressful, time-consuming and expensive. Obtaining, delivering, and redepositing certified cheques should be a thing of the past!  We’ve created a secure alternative that is near instant, very convenient, and affordable – a better buying experience for all involved.”

Potential home buyers can get a Guarantee instantly by filling out a simple, 5-minute online application with no-credit-checks. Home Deposits Now’s streamlined end-to-end portal features a quick fee calculator and provides instant qualification for buyers. This trusted and stress-free alternative to the cash deposit helps buyers unlock their equity for a quicker and easier home purchase.

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