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Manhattan West Deposit Bond Program

Whatís a Deposit Bond? Itís a substitute for the cash down payment or deposit required when purchasing a property. This solution allows you to secure your home purchase now. Rather than paying the deposit amount required in cash, you only pay a small premium (interest) for the Deposit Bond, which the seller or developer accepts in lieu of cash. Deposit Bonds can be issued from 3 months to as long as 3 years, which means you can keep your money working for you right up until closing, when you will be required to pay the propertyís full purchase price. Manhattan West is working with several organizations which will provide deposit bonds for a low interest rate to buyers who would rather keep their cash working for them!

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