Mortgage & Property Talk SA
South Africa's Leading Bond Originator and Home Loan Advisors
South Africa's Leading Bond Originator Site - Apply Online Now!
Our Mortgage Experts specializes in First Time Home Buyer Loans, New Home Loans, Building Loans, Further Home Loans, Bond Switches and Mortgages throughout South Africa. Click Here to go to The Mortgage Plus Website.
We offer a wide range of advice on different home loan options - 0861 11 11 93*
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Real People, real Advice
Buying a new home can be one of the most stressful events in your life. At Mortgage Talk “Mortgage Plus Bond Originators”, our friendly experts take the hassle out of financing your new property with simple, independent advice on the best range of mortgages to suit your individual needs.
One of our independent mortgage advisers will aim to find the mortgage to suit you and handle all of the arrangements with your mortgage lender. We can also help you find legal assistance and provide advice on life assurance and property insurance so that you can protect what’s important to you.
Our friendly, straight talking team will update you every step of the way, right through your move.
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
3 Steps to Successful Home Loans
Applying for home loans successfully has becoming increasingly difficult. With a worldwide financial downturn, the banks are clamping down to try to decrease their losses. With stricter procedures, many individuals are struggling to get the needed finance, either for buying a new property or a further bond on an existing property. So for individuals that need to apply for home loans, there are some steps they can take to increase their chances of an approval.
No. 1
Make sure you qualify
This is especially important if you are purchasing a new property. First find out what amount you can qualify for on a home loan. Stay within this amount. A guaranteed way to have your application declined is by applying for more than you qualify for. The banks are not lenient with regards qualifying clients, and will not consider your application further.
No. 2
Home loans Affordability
Go through your budget and see how much you can afford to pay on a bond. And be reasonable when doing this. If you can’t prove to the bank that you will be able to afford this new expense, they will say no. By granting home loans their clients can’t afford, the bank is running a big risk of not getting their money back. This is a risk they are not willing to take.
No. 3
Have a good credit/payment profile
Your credit profile is the first thing the bank will look at. From how you have serviced your existing commitments they will draw conclusions, and decide whether they feel you will meet your new commitments. So make your full payments on time. Too much debt can also affect your application. So if you can pay something off, this can help with both your exposure and affordability.
Approved home loans are not something impossible. With a bit of planning and common sense you are very likely to be successful with your application.
If you feel like it is too much to tackle an application on your own, there are professional home loan consultants that can assist you.
Please contact us if you require any further information or would like to apply for finance:
Complete this short form online
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