W
WebBoard
Guest
From: Coretta Williams
I am currently purchasing 3 apartments off the plan (due for settlement in December 2001) for a total of $800,000. I am securing these at a $20,000 (8%) discount each and would like to use deposit bonds instead of cash (which I have if needed). I have approached several lenders who are all agents of Royal Sun Alliance although they all state I need to go through the entire loan approval process. As I don't want these purchases to show on my CRA as a liability until late next year, it is not my preference. Does anyone know of any lenders who sell deposit bonds without the full loan approval? Would appreciate any leads at all.
I am currently purchasing 3 apartments off the plan (due for settlement in December 2001) for a total of $800,000. I am securing these at a $20,000 (8%) discount each and would like to use deposit bonds instead of cash (which I have if needed). I have approached several lenders who are all agents of Royal Sun Alliance although they all state I need to go through the entire loan approval process. As I don't want these purchases to show on my CRA as a liability until late next year, it is not my preference. Does anyone know of any lenders who sell deposit bonds without the full loan approval? Would appreciate any leads at all.
Last edited by a moderator: