Mortgage & Property Talk SA
South Africa's Leading Bond Originator and Home Loan Advisors
South Africa's Leading Bond Originator Site - Apply Online Now!
Our Mortgage Experts specializes in First Time Home Buyer Loans, New Home Loans, Building Loans, Further Home Loans, Bond Switches and Mortgages throughout South Africa. Click Here to go to The Mortgage Plus Website.
We offer a wide range of advice on different home loan options - 0861 11 11 93*
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Get your Home Loan Pre-Approval Certificate today and Make sure you're qualified before you buy.
It's a fantastic time to be buying property, but there's no point in starting your property search unless you know the bond amount for which you'll qualify.
When buying property in the currently soaring South African property market, a pre-approval certificate can be just the thing you need to close the deal. It removes the uncertainty, knowing up front how much you qualify for.
When you are searching for your ideal property, having this certificate will also allow you to negotiate a better price. It shows the seller that you are serious, smart and prepared.
The seller will know that you will not have any trouble getting your home loan because you are already pre-approved for a certain amount. The whole process of getting pre-approved takes about 1 to 2 working days.
One common misconception is that getting your pre-approval certificate is as easy as answering a couple of questions. In reality, you have to go through the same process as when applying for a home loan. This is the only way to know for certain how much you will qualify for.
There is also a difference between pre-qualification and pre-approval certificates. Pre-qualification usually means that according to the information you supplied, you would qualify for a home loan. Pre-approval on the other hand means that a bank has already approved your application in principle.
You should not have any trouble getting you loan registered. This certificate does not guarantee your home loan in all cases however. There might be other unforeseen reasons such as when the property is valued for a much lower price than you were applying for. Just make sure you know what the value of the property is and also what similar neighbouring properties are selling for.
To apply for a pre-approval certificate Send an email to Mortgage Plus and we'll do the sums that will set you on your way to becoming a property owner!
E-mail morne@mortgagepluscc.co.za
Tip: Providing the Bond Originator with required information
The selected bond originator (Mortgage Plus) will require certain information that is essential for completing the pre-approval process. This information will enable the bond originator to determine your ability to pay the monthly bond instalments.
Most financial institutions require three to six months payslips or bank statements as proof of income as well as a list of monthly expenses. High debts will increase their risk and therefor increase your interest rate.
Please contact us if you require any further information or would like to apply for finance:
Complete this short form online
011.327.4489 / 0861 1111 93
morne@mortgagepluscc.co.za
www.mortgagepluscc.co.za
ABSA Bank Home Loans
Whether individuals want to buy or build a new home, make improvements on their current home or simply want to invest in another property, then ABSA home loans is the right decision for you.
ABSA will provide individuals with a variety of home loan financing solutions in order to suit the various needs of customers. Included in this is the option to pay your home loan over a longer term of 30 years instead of the normal 20 years.
Individuals may also choose between fixed or variable interest rates where the former will ensure owners repay a fixed amount and the latter simply means that monthly installments will increase or decrease with the inflation rate.
Other than the above, ABSA home loans also offer clients a Flexiserve or re-advance option on their ABSA home loan. Flexiserve home loans simply means that any additional funds paid into the home loan will be made available immediately should the individual require additional funds. A re-advance option is also available and simply means that individuals may borrow the difference between the original loan amount and which has already been paid off.
The Further Advance home loan solution allows individuals to borrow money to the value of the property. This simply means that should the market value of the property increase beyond the loan amount originally paid for it, then individuals may borrow the difference up to the new market value of the property.
Another unique ABSA home loan financing solution includes the MultiPlan option which that a home loan account can be structured into a primary and one or more secondary accounts. The primary account is the original home loan granted to individuals whilst the secondary accounts can be utilized when applying for a new home loan, ReAdvance or FurtherAdvance account.
The secondary accounts can have their own repayment terms, Statements, interest rates and FlexiServe facility.
Insurance in the form of a home loan protection life insurance policy forms part of the ABSA home loan solutions, and will ensure that your bond amount is settled in the unforeseen event of death, disability or dread disease.
Home loan comprehensive cover is available to insure to property against any structural damages while the One-call home solution will ensure better prices and a more pleasurable experience should the home owner move.
An ABSA home buyer’s guide can advise individuals on everything they need to know about buying or selling properties. It consists of six topics namely calculate, locate, make an offer, application, register and moving in.
Individuals can use the home loan calculator to determine what loan amount they could qualify for, what the monthly repayment amount will be and how different cost, fees and deposits could influence your installment and repayment term. This can be done by simply logging on to the Mortgage Plus website and choosing one of the different options available in the comfort of your own home.
Interested individuals who wish to find out more about ABSA home loans should enquire below.
Please contact us if you require any further information or would like to apply for finance:
Complete this short form online
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