Process of Procuring a Down Payment Bond
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The Process of Procuring a Down Payment Bond
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Procuring a Down Payment Bond for your property involves just six short steps. View this presentation to get familiar with the process.
Transcript of Process of Procuring a Down Payment Bond
The Process of Procuring a Down Payment Bond
Procuring a Down Payment Bond
While a Down Payment Bond is a unique financial instrument, the process of obtaining one is very simple.
The application process is so simple, most applicants receive "approvals in principle" within 48 hours.
We created this document to show the 6-step process of using a Down Payment Bond and how simple it is.Closing
Issue Bond
Issue Approval
Verify Request
Complete Application
Initial Contact
Procuring a Down Payment Bond
Step 1: Initial Contact
Contact Down Payment Options to schedule a pre-screening interview to determine feasibility and project scenario.
Procuring a Down Payment Bond
Step 2: Application Completed
Download an application from www.downpaymentoptions.com and return completed in full. Application is reviewed and a “pre-approval in principle” is issued.
Procuring a Down Payment Bond
Step 3: Request Completed and Verified
Application verification takes place and is completed within 48 hours. Unconditional approval is issued, subject to payment.
Procuring a Down Payment Bond
Step 4: Approval Issued
Unconditional approval issued, subject to payment.
Procuring a Down Payment Bond
Step 5: Bond Issued
Payment is received and the Down Payment Bond is issued. Down Payment Options will maintain contact with client while waiting for notification of closing.
Procuring a Down Payment Bond
Step 6: Closing
Buyer receives notification of closing and brings cash and financing to satisfy the contract. The bond is retired and the buyer can enjoy their new property.
The Benefits of Down Payment Bonds
Summary
Its a smart safe and simple option than using your own funds for the down payment.
Why would you use your funds, if you could use a Down Payment Bond?
Application process is straight forward, fast and simple with a quick turnaround
Prevents a scenario of having to “chase Down” your money
Connect with Us!
Down Payment Options410 S. Rampart Boulevard
Suite #390Las Vegas, NV 89145Tel. 1.702.726.6818
