FNB Home Loans
Mortgage Plus can help you in to get the best fnb bond for your needs. You do not have to lft a finger as we will organize with fnb for the home loan option that will suit you the best.

Apply for a FNB Home Loan Today!

FNB offers a variety of options:
Traditional Home Loan
Take out this loan when buying an existing residential property.

Building Bond
You can apply for a building bond if you are intending to build a home. Once the building is completed, your bond will revert to a normal home loan.

Smart Bond
The Smart Bond is a housing finance product for households that earn less than R15 000 and more than R2 500 per month. If you are planning to build your own home, the Smart Bond Building Loan will take care of your building needs.

Foreign Choice
This allows a foreigner or a South African who has emigrated to purchase a property in South Africa.

One Account
The One Account is an innovative product, secured by your home, that fulfills all the functions of a cheque account, overdraft, personal loan and home loan.
Choose the right facility for you

When applying for a facility on your home loan product, an affordability assessment will be done to find out exactly how much additional finance you can access.

Flexi Bond
You get access to surplus home loan funds 24 hours a day, 7 days a week if you have a transactional account with FNB. Alternatively, access to funds is available during business hours. Surplus funds include any prepayments, as well as a percentage of capital you have already repaid on your home loan up to a pre-determined limit.

Future Use
This enables you to register a bond greater than the home loan amount you require, creating an extra amount that may be accessed at a later stage.

Pre-Paid Finance
Withdraw any additional money that you have paid into your home loan account.

Repayment Choice
Increase your monthly instalment and save on interest. This also allows for you to pay off your home in a shorter period of time.

Re-Advance
This gives you access to the funds that make up the difference between your original registered home loan and the outstanding balance.

Further Bond
Obtain funds by registering an additional amount over and above your original registered bond amount.

Interest Rate Options
Fixed Rate
For the duration of your contract period (12, 18 or 24 months), the interest rate on your home loan remains fixed and is unaffected by any rise or fall of general interest rates.

Variable Rate
This is the standard interest rate option. The interest rate varies in line with current interest rate movements.

BA Linked Rate
The interest rate is directly linked to the publicly quoted three-month SAFEX BA rate (Bankers Acceptance Rate) and offers a highly competitive means of financing your home loan.

Home Loan Insurance
Home Owner’s Cover
This insures your house and any structural improvements to the property. This cover is compulsory with any home loan.

Home Loan Protection Plan
This plan provides peace of mind in the unforeseen events of death, temporary and permanent disability and retrenchment.

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