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Deposit Loan

You need a DEPOSIT when you buy a home.
We can help with that...

When you purchase a home, you will require a deposit on the house you are buying for around 5% of the purchase price (some go as high as 20% of the purchase price). 

 

Having access to that kind of large cash on short notice it tough, especially if all of your equity is sitting in a house that is waiting to sell. Where do you come up with $100k????  You can ask mom/dad/friends family or take out a line of credit. 

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OR

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We can lend you the funds until your property closes without impacting your mortgage approval!

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  • Appraisal not required

  • No monthly payments

  • No credit check

  • Quick funding

  • No income verification required

  • No mortgage registration

  • Electronic signatures accepted

  • All funding is processed electronically

deposit

Lending Amounts - up to $100,000

Interest Rate - 1% monthly

Administration fee - $1000 flat fee - No additional legal fees!

3 STEPS to your 24 hour deposit loans start here:

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  1. Send email to kiki@bluebutterflymortgages.ca with your request with the following documents:

    • Confirmed SALE of your home and ACCEPTED offer on new home. Both contracts with subjects removed.​

    • Statement of your current mortgage 

    • Title search of your home - Your Realtor can send you that

    • Name of your Lawyer or Notary who is closing your Sale and Purchase.

    • Void Cheque

  2. Once we have received your documents, we will send you the following​

    • Assignment of Funds and Direction to Pay that is signed by your Lawyer / Notary​

    • Promissory Note

  3. Money to your account!

    • Money order is directly transferred to your personal account​

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