Professional Lending Specialists “Bond Originators” vs. Bank?

Many potential home owner clients ask us why they would consider using us as opposed to going directly to the Bank themselves.

This is a fair question if you ask me, so this Fact sheet will hope fully clarify this for you.

Years ago everyone went to a bank, no questions asked, there really was not an alternative. The problem was that if one bank could not help you, you would have to visit bank after bank until you found one that could. Even then, how could you really know whether you were getting the best deal in the market?

Then along came Bond Originators “Mortgage Plus”. This was fantastic, as it also bought about significant competition into the heavily, big bank dominated market. This ultimately resulted in far more competitive pricing for all clients.

A  Bond Originator like Mortgage Plus is essentially a professional lending specialist who looks through all of the different lenders possible products and finds two to three home loans that are not only the most competitive available from all the major home loan lenders in South Africa, but also ensures that all the home loan features and benefits that you require are included in the selection.

Ultimately, you make the decision, however you know that the decision is based on your own parameters, and represents the most suitable and competitive mortgage loans available from a large pool of lenders.

Myth: The most significant myth that exists is the fear that you are paying more to use a Professional Lending Specialist like Mortgage Plus than you would by going to the bank directly. That simply is not true! The Lending Specialist earns their commission from the bank, not from you the client.

Making it Easy!

Remember when you had your own bank manager that you could call to help you when you needed some extra funds on top of your home loan to put that pool in, or to buy that investment property? Relationships were paramount, and you returned to that person time and again as they looked after you. Now it is very rare to have that kind of relationship from a bank.

A Professional Lending Specialist like Morne Prinsloo – 079 047 5172 can build that relationship with you and manage several lending relationships between several banks. For some investors for instance, they do not want all of their eggs in one basket, and having the same contact point for all of their home loan facilities is a very convenient way of managing their home loan portfolios.

We help you complete all of the necessary paper work, take the stress out of the home loan application by managing the bond application through credit and as we know the lending policies of each lender, ensure that the home loan is submitted with everything required to make it a smooth process.

So why choose a Professional Lending Specialist over a bank?

• We specialise in Home Loans – That is all we do!
• Significant experience in the position
• You the client are the boss, not the bank
• You can build a long term relationship with the same home loan specialist
• We have access to all of the mortgage options from most lenders in throughout South Africa
• Flexible, we can work in with you to make it happen.
• We own our own business, so we need to make sure you have a great home loan / mortgage experience.

Remember, we are professionals with many years experience in the home finance industry, and our business is all about giving you total satisfaction. We understand how banks think, and therefore take the stress out of dealing with them directly. We become your personal bank manager with the lender to ensure that your experience is a great one.

We are also here for you when you need to ask a question. Anytime!

If you would like to speak to a Professional Mortgage Specialist about your lending requirements, please phone Mortgage Plus Bond Originators on:

Complete this short form online

011.327.4489 / 0861 1111 93

morne@mortgagepluscc.co.za

www.mortgagepluscc.co.za

Bond Originators South Africa – 0861 11 11 93

Before there were any bond originators, you had to go through the process of applying for a home loan / mortgage with every single bank individually. You had to go to their office during regular hours. This took extra days and hours of trying to shop for home loans with the best interest rates you could live with. When you hire a bond originator in South Africa, things work very differently. Bond Originators like Mortgage Plus will often come to your home, even after normal business hours. They take you through the application just once. No matter how many other lenders they will approach on your behalf. This means that you do not have to spend hours going t hrough the same home loan process repeatedly.

Mortgage Plus have signed contracts with all of the bigger banks as well as many of the smaller independent banks and a list of kinds of lenders that they have worked with in the past. The thing that is good about this is that when you get the okay from multiple places, you can choose which one you want because by being able to compare home loan interest rates and terms you can pick the one that offers you the very best terms.

Mortgage Plus bond originators do all of the negotiating with all of the lenders, banks and financial institutions in order to get you the best home loan interest rates possible in South Africa. When all is said and done, Mortgage Plus Bond Originators can usually get between a 0.5% and 2 % lower than the current prime interest rates. Estimates in South Africa say that the origination industry will save their clients around 5% per year in rate concessions. The lenders, banks and financial institutions all know that they have to be very competitive if they are to get any business. There will be times when the negotiations have been completed, a lender, banks and financial institutions will tell the originator like Mortgage Plus that they will give them an extra percentage discount beyond what the best lender has negotiated. The originator will not reveal what has been negotiated but will give each of the lender, banks and financial institution one final time to bear the best rates or terms that the originator has in hand.

It is also a good thing that regardless of all the red tape the NCA causes, bond originators somehow manage to take your application through the process of getting approved in just about half the time it would normally take you if you were approaching the lender or bank directly. Mortgage Plus takes 4 working days to get you a bond approval. Therefore, you not only save on rates and get better terms, but you also save time and we all need to save as much time as we can.

It is no secret that banks ar en’t very enthusiastic about the bond originator industry. They have to give up some of their margin and what they would have earned on insurance as well, when bond originators secure the bond on behalf of their clients.

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