ABOUT US
Deposit Financing is
a
family owned and operated business, established in 2017
Neil, a co-owner, has 25 years of experience in the mortgage industry. This experience prompted his curiosity in finding new ways to help people access their home equity.
When moving from your current home to the next, the purchase and sale dates often align within 1-2 days of each other, making for a smooth overall transition. Unfortunately this can create a problem, because unlike the down payment the real estate deposit is required in advance, which is usually 1-2 months before the purchase/sale date. This makes it difficult for many people to provide a deposit from their own funds, when they were originally relying on their sale proceeds to cover this cost. After discussing this issue with some members in the industry, Neil discovered a solution involving a simple lending process, which began Deposit Financing.
Zack, co-owner and Neil’s son, has several years of experience in the industry, and joined the company shortly after it was established. With Zack’s education, experience and ability to learn quickly and efficiently, these two owners were able to grow the company and create a well-structured partnership.