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Money 2 Close Inc. is a private corporation that was created to facilitate real estate transactions, for Buyers that do not have their Deposit funds readily available.
During the Founder’s real estate career, this problem would occur on a regular basis. A solution had to be found whereby the Buyer could borrow this money quickly, until the closing date. Normally the money is either in the equity of the Buyer’s existing home that they have just sold, or in the case of First Time Buyer’s with the 100% financing program, the funds will arrive from their lending institution on closing day.
This however creates a problem, as the Deposit is needed “Upon Acceptance” of the “Purchase & Sale Agreement”.
Therefore, once you apply to us for a Deposit Advance, we will move quickly to approve you, and fund your Deposit. There is a $49.95 application fee, which is paid to the Government in order for us to do our due diligence. Also we have provided a “Deposit Advance Calculator”, so that you can estimate the cost of borrowing. All our advances are registered, and the legal fee is $250.00 + GST. However this fee can be borrowed with your deposit.
Normally a deposit advance is funded within 24hours of receipt of all paperwork and contracts requested.
We would like to take this opportunity to thank-you for your interest, and look forward to doing business with you.
MICHELLE BULLMORE - PRESIDENT
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