Bond Originators is a must in South Africa when applying for a home loan

South African Banks have differing home loan, mortgage criteria, and product ranges for specific market segments. Logically the First time homebuyer has a vastly altered profile to the multi-millionaire private bank client seeking out his status-symbol property.

For most South Africans buying a home is one of the biggest investments a person will make in his or her lifetime. Because your home purchase is probably the most expensive one you will make, the homeloan itself is an important financial decision.

The prospect of owning a home is exciting, but it can also be a time of anxiety. This is a time when emotions must be kept in check, and one should make an informed financial decision.

Therefore, a daunting, unnerving experience that cannot be undertaken without professional assistance from a Home Loan Expert or a Bond Originating company like Mortgage Plus “Rated one of South Africa’s Top Bond Originator Companies In 2011”.

Bond Originating companies like Mortgage Plus cc work closely with the all the major financial institutions throughout South Africa and understand the precise parameters required in order to get you your first home loan, placing home loan consultants in the position to advise clients on how to accurately present the deal. The essence of Mortgage originators is that they can offer clients appropriate advice and choice on different types of home loan products throughout South Africa.

A mortgage originator provides the public with home loan assistance through relatively unchartered territory, while lowering mortgage bond costs and stimulating inter-bank competition. Around 60-70 %of South African home loan approvals have followed the bond-originating route reflecting the vital link mortgage originators plays in the home ownership chain in South Africa.

Mortgage originators like Mortgage Plus cc have agreements with all the major financial institutions “banks” in South Africa this means those clients fortunate enough to qualify for a New Home Loan from more than one institution has the enviable choice of accepting the one offering the best home loan interest rates and terms.

Bond originators capitalises on the short window of opportunity potential homebuyers have in which to secure home loan or mortgage finance to confirm their purchase. The home loan industry provides unbiased and extensive product knowledge that caters for each client’s specific needs, thus boosting their chances for a successful mortgage application while recognising that securing the bond and determining the associated costs is pivotal to the decision-making process.

Remember Banks want to reduce the amount of time wasted on unfeasible home loan applications and that is the value Mortgage Bond Originators offer to both the financial institutions and the man-in-the-street – having the expertise to weed out those bond applications that should never be placed before the banks.

As home loan specialists Mortgage Plus cc offer their clients a free home loan service and the best chance of getting a home loan on the best terms with the advantage of one-stop shopping and the convenience of choice. The key lies in giving clients a choice of banks and thus providing a hassle-free service without incurring additional costs.

For further information contact Morne Prinsloo on 011 327 4489 or email morne@mortgagepluscc.co.za

If you would like to know more about your home loan services and mortgage requirements please phone the Mortgage Plus Head Office on:

Attached please find the Home Loan Application Form * - Short Home Loan Application Form

0861.11.11.93

info@mortgagepluscc.co.za

www.mortgagepluscc.co.za

Buying a house for the first time and getting a mortgage

As everyone from Johannesburg to Cape Town knows, things are tough in this economy. But that doesn’t mean you can’t accomplish your dream of owning your own home. You just have to take the time to explore what options you have and get the best deal that you can. If you arm yourself with a little information, you can go into the home buying situation with a solid footing and not be taken for a ride by banks trying to make a profit off of you.

Getting your first home loan is not easy. You have to have fairly solid credit, a decent income and not be burdened with bills. But there are things you can do to make your search for a loan easier, and have better chances of getting approved.

The first thing you want to do is shop around for something you like. That doesn’t necessarily mean your dream home, but something you can afford. Very often a first time home buyer will go for something that they can easily afford to start off with, because the mortgage is easier to maintain and they can use the home as collateral for future home purchases. Still, you are going to have to live in the place for a few years, so make sure that you will be at least reasonably comfortable. Stay away from cheap “fix me uppers,” because they usually end up being very not cheap. The only time such a home is even remotely worth investing in is if you yourself are capable of repairing it. That way you can put more time than money into the restoration process.

Be careful about choosing a place in a rough part of town. While you can usually get lower prices for a home there, this is usually because the property values are lower in run-down areas. So you may get your first home cheap, but wait until you try to sell it. Then you’ll see why you got such a bargain when you bought the place. You cannot get something for nothing. Now, if you really intend to live in the house for a very long time and you don’t mind living in the rundown side of town, you may find this option a bargain. Otherwise, look elsewhere.

It is always useful to contact several real estate agents and see what they have in their inventory. Often they know of people who are trying to get out of their homes fairly quickly. Maybe they took a job in another region or they suddenly found themselves in financial trouble and they can’t afford to live in their existing home. This is the kind of sale that you will probably not get wind of in newspapers and other sources. This is how real estate agents make their living, knowing the who, what and how of the people buying and selling homes.

But the most important thing is to take a good look at your financial situation and determine how much you can spend. After all, a mortgage is something you will be paying on for a long time. Make sure you know what you’re getting into.

For further information contact Morne Prinsloo on 011 327 4489 or email morne@mortgagepluscc.co.za

If you would like to know more about your home loan services and mortgage requirements please phone the Mortgage Plus Head Office on:

Attached please find the Home Loan Application Form * - Short Home Loan Application Form

0861.11.11.93

info@mortgagepluscc.co.za

www.mortgagepluscc.co.za