0
Three Common Misconceptions of Bond Originators
Some first time homebuyers in South Africa opt to obtain a home loan directly through their local bank branch rather than employing a Mortgage Broker / Bond Originator. The reason why this may occur is that there a few misconceptions associated with the Bond Originator profession. In reality, Bond Originators and their respective brokerages have come a long way from the days of selling home loans simply for profit purposes.
Listed below are three opposing thoughts on common Bond Originator / Mortgage Broker misconceptions in South Africa.
They just want to sell you a loan.
Fact is that once a Bond Originator is employed by you, he or she is simultaneously employed by your mortgage lender (Bank) as well. Ultimately, however, a home loan will not go through unless the future mortgagor, you, agree to the terms of the home loan that your Bond Originator had set up for you with your new lender / bank. This means that first and foremost you are their customer, not the lender’s. Additionally, there are no Bond Originator fees involved to do your home loan transaction.
They are old fashioned and only do business one way.
Some people picture a Bond Originators as a ‘Business only’ profession. Meaning that customer service is not a high priority. On the contrary, Bond Originator are constantly training on new and improved ways to satisfy their customers’ needs. Whether it is learning how to initiate a short sale on your behalf or taking seminars on what new home loan programs lenders are able to offer you as a consumer, they are continuously finding new ways to keep their finger on the pulse of what prospective clients want and need.
They will quote you an interest rate just to get their foot in the door.
While it is true that the mortgage interest rate amount fluctuates, it does not mean that the rate they may quote you today will be obsolete by tomorrow. Bond Originators are able to negotiate directly with lenders / banks in order to get you the best interest rates in South Africa.
Bond Originators like Mortgage Plus cc works for you and take pride in what they do. They want to know what new home loan programs there are in order to stay up to date with our market needs as well as be able to provide you with superior customer service. Choosing a Bond Originator over a home loan consultant at your local bank branch has its advantages. When you decide a Bond Originator is right for you, you will get a highly skilled, well trained, and customer service oriented professional.
Please contact us if you require any further information or would like to apply for finance:
Complete this short form online
Back to top
