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

Smart Bond is a housing finance solution for applicants earning a monthly household income of R15 000 and below. With Smart Bond, approved customers are able to enjoy 100% bond finance, i.e. there is no deposit required.

More about: Smart Bond Overview

Why do I need this?

What can I do with this?

What will it cost?

Do I qualify?

To qualify for Smart Bond, the following is required:

• You need to be a South African citizen, formally or self-employed
• Your salary/income must be paid into a bank account
• You must not have had judgments and/or defaults of more than R1 000 against you in the last 12 months
• The property you intend to buy must be acceptable for lending purposes
• Your bond instalments must be paid via a debit order or payroll deduction facility

You should still be able to afford your bond instalments, including the following:

• Current expenses and other monthly debt instalments
• The new expenses relating to the new home you are buying

You can get this at:

• MORTGAGE PLUS cc
• www.mortgagepluscc.co.za
• 011.327.4489
• info@mortgagepluscc.co.za

What do I need to do?

Complete Smart Bond application form and hand it to the consultant / fax it to 086 560 1224 together with the following documentation:

• A copy of your valid Identity Document*
• Your latest salary advice/pay slip*
• 12 months’ bank statement if you are self-employed and not banking with FNB
• Details of the property you are buying

*For you and your co-applicant where applicable.

Legal:

Once your bond has been approved, you will be required to sign a loan agreement that stipulates the conditions, requirements and responsibilities pertaining to you and the bank.