InsurTech Innovator Deposit Rocket and Northbridge Insurance have revolutionized the Real Estate marketplace
Deposit RocketTM has launched a quick and easy alternative to the conventional cash deposit used in residential home purchases. Canadians can now unlock the equity in their existing home or liquid investments instantly with a Deposit Rocket Guarantee – making for a convenient and competitive offer.
Deposit RocketTM issues the Buyer a guarantee that is submitted by the Realtor along with the offer, instead of a certified cheque. The Deposit RocketTM Guarantee is simply the Buyer's 'promise to pay' the deposit guarantee amount, at closing. Deposit Rocket Guarantees are backed by an 'A-rated' insurer, making it as secure for the Seller as receiving a certified cheque.