Standard Bank Home Loans

Mortgage Plus can help you in to get the best Standard bank home loan for your budget and needs. You do not have to lft a finger as we will organize with Standard bank for the home loan option that will suit you the best.

Apply For a Standard Bank Home Loan Today!

Standard bank has two options when it comes to home loans:
Dream start
Jump Start

Dream Start
A home loan aimed at making home finance more accessible to low income earners. That is, those earning a single or joint income of between R1 500 and R6 000 a month, excluding housing subsidies or allowances.

You can apply for a DreamStart home loan if:
You earn a joint income of between R1 500 and R6 000 a month and want to buy a home
You are building a new home
You are looking to move to a bigger or better home

Taking your first steps:
A personal interview will be conducted with you where you will be guided through the home buying process, information will be shared with you, and an affordability calculation will be done. There are specialised consultants at designated branches who will answer any questions you have.

Life assurance:
Standard Bank has arranged a life assurance policy to ensure that your loan is repaid should you die. This policy will settle the outstanding balance on your home loan account.

Repayment methods:
To make your monthly repayments easier, you can pay your installment through a debit order directly from your account. If you do not have an account, ask your Standard Bank consultant about opening an E Plan account and arrange for your salary to be deposited in this account.

Interest:
The interest rate that Standard Bank charges for lending you money is based on the risk to the bank. You will be advised of the repayment and interest rate that will apply to your account in your Letter of Grant. If you pay your minimum home loan installment on time every month, you may qualify for a reward after two years and again after three years.

Access Bond:
If you pay more than your monthly installment every month, you will lower the amount of interest you have to pay and will pay your home loan off faster. You will have to apply for this facility and meet certain qualifying criteria.

Standard Home Loan:
For most of us, a home is the biggest and most significant investment of our lives. It’s more than just shelter. It’s where we raise our families.

Jump Start
JumpStart gives home buyers the opportunity to buy a home even when they cannot afford the deposit and upfront costs.

If you are a cash-strapped home buyer, then your most important requirement is to find the money for the deposit, the transfer cost and the bond registration costs. JumpStart helps you by offering a higher loan to assessed value of your property – a maximum loan to value (LTV) of 100% is allowed.

There are a number of product options available – you choose which option best suits your circumstances and lifestyle. However, not all the options allow you to include all your costs. Apply for the Standard bank home loan today!

CONTACT US
For more assistance with regards to Applying for Home Loan Finance .
Email: morne@mortgagepluscc.co.za
Ph: 011.327.4489
or Complete This Online Form

There are always costs involved when building a new home. There are costs on the drawings of building plans by architects. There are fees payable for the approved building plans at the local authorities. There are payable rates and taxes to the Local Authority, after purchasing the vacant land or stand. You get your Interim interest charge which is your interest charged on the outstanding balance, from the date of the first debit on your Home Loan account, to the date of the final progress payment.

Now people think that building loans are easy to get, but they’re not. There’s a lot of work that goes into a building bond and costs and charges can become astronomical should things not be planned carefully.

Generally, depending which bank you decide to go with, once the bond is registered the land portion of the monies are paid out to you. The first progress payment to the builders/developers will need to be paid by yourself. The banks only release the first payment once they’ve sent an assessor out to value the property and assess what progress has been made on the building. Should this be a problem and you’re in some trouble, there’s always the personal loan route that can be take.

The building process is usually monitored and approved in various stages. Normally a contract specifies four stages: foundation, window ceiling height, roof height and final stage. An assessor will need to access the cost of the work completed.

The builder is normally the person that will request payment at which point you need to submit a progress report to the bank. After the assessor has assessed the cost of the work, carried out, payment will be authorized – with consent from the customer. The assessor will calculate the amount available.

Never sign a blank progress payment request and hand to the contractor. When the contractor calls for final payment, inspect the house to satisfy yourself that it has been completed to your satisfaction, which protects the consumer against the builder, walking away with all the money prior to completion of the building.

The contract needs to be completed are to be completed within the stipulated period as per the Home Loan agreement, failing which the bank reserves the right to withdraw its offer and then you’re left with building costs and charges that are guaranteed to put a dent into your pocket.

Don’t forget to get the NHBRC certificates from the layers.
Building Loan Application