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Mortgage Advice – Let’s Bond Together Let us bond together “Let’s bond together” … Purchasing land or a property is a great investment and it is important that you have an understanding of the South African bond market and how the home loan industry works. For instance, the words “bond”, “home loan” and “mortgage” are used interchangeably in the market to describe a process by which your home is pledged as security or collateral in return for the finance to pay for it. The four major lenders in South Africa are First National Bank, Absa Bank, Nedbank and Standard Bank. These financial institutions predominantly offer their home loan products through specialized mortgage brokers or bond originators. This enables banks to offer their prospective clients dedicated and accurate bond advice and currently around 80% of all home loan business is conducted through bond origination companies like Mortgage Plus – 011 327 4489

5 Great Reasons to use a Bond Originator:

• Secure approvals: better chance of approval by submitting to multiple lenders
• Get the system to work for you: take advantage of the fact that each bank has different credit criteria, deposit requirements, documentation requirements, interest rates and turn-around times
• Expert positioning: prepare, motivate and package the application for the best chance of approval
• Best interest rates: banks compete for every loan application ensuring you get the best deal
• Simultaneous submission: direct interface to lenders systems allowing simultaneous submission of applications to multiple lenders

How the Bond process works:

If you are thinking about a new purchase it helps to understand the options available to you which ultimately saves you money. STEP 1: House hunting STEP 2: Sign offer to purchase. STEP 3: Seller accepts offer. STEP 4: Contact MORTGAGE PLUS. STEP 5: Financial Institution will confirm requirements. STEP 6: Property Valuation done by bank. STEP 7: Decision taken by bank. STEP 8: Final approval. (Letter of Grant) STEP 9: Registration attorney instructed to attend to the registration. STEP 10: Customer to sign documents at 2 sets of attorneys. STEP 11: Home loan registered in buyers name at Deeds Office. STEP 12: First monthly instalment due within 30 days of registration date STEP 14: Get your CASH BACK BONUS from Mortgage Plus. STEP 13: Title deed & sent from attorney to Bank for safekeeping. Many potential property buyers are currently in the process of shopping around for homes throughout South Africa. Should you require a New Home Loan or First time buyer home loan then kindly contact me to discuss.

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

At Mortgage Plus Bond Originators we will apply on your behalf and negotiate the best home loan options between all the major financial institutions and we guarantee you the best home loan interest rates throughout South Africa. In addition to these home loan benefits, we will also negotiate discounts on your bond registration costs. So let us secure you the best home loan deal out there!

Mortgage Plus are what South Africans call Bond Originators or mortgage brokers. Before there were any bond originators like Mortgage Plus cc, you had to go through the process of applying for Home Loans or Mortgages 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 a home loans with interest rates you could live with.

When you hire a bond originator like Mortgage Plus, things work very differently. We will often come to your home, even after normal business hours and take you through the home loan application process and give you the property buyer the best possible home loan advice. This means that you don’t have to spend hours going through the same Home Loan Application process over and over again. “One application for all the banks throughout South Africa”

Mortgage Plus Bond Originators have signed contracts with all of the bigger banks on South Africa as well as many of the smaller independent banks. The thing that is good about this is that when you get the okay from multiple banks, you can choose which one you want because by being able to compare 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 in order to get you the best home loan deal possible. When all is said and done, the originators can usually get between a 0.5% and 1.0% lower than the current bond prime rate of 9% .

Estimates say that the bond origination industry will save their clients around 5% per year in rate concessions. The Banks In South Africa all know that they have to be very competitive in the home loan market. Mortgage Plus Originators won’t reveal what has been negotiated but will give each of the Banks one final time to bear the best home loan interest rates and terms for the consumer.

It is also a good thing that regardless of all the red tape the National Credit Act causes, Mortgage Plus Bond Originators still manage to take your home loan 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.

So you not only save on interest rates and get better mortgage terms, but you also save time and we all need to save as much time as we can.

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