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What is a Deposit Bond?

Bond deposit
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What is a Deposit Bond?

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A deposit bond is a way to cover the deposit on a property purchase when you do not have immediate access to the necessary cash deposit, usually because of asynchronous property sale and purchase transactions. LoanAustralia do not currently offer deposit bonds.

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Deposit Bond is a guarantee or bond that substitutes for a Cash Deposit between signing contracts and settlements, when purchasing your home at Auction or through your Real Estate Agent. These Bonds are generally 10% of the Purchase Price.

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