Bond Originators is a must in South Africa when applying for a home loan

South African Banks have differing home loan, mortgage criteria, and product ranges for specific market segments. Logically the First time homebuyer has a vastly altered profile to the multi-millionaire private bank client seeking out his status-symbol property.

For most South Africans buying a home is one of the biggest investments a person will make in his or her lifetime. Because your home purchase is probably the most expensive one you will make, the homeloan itself is an important financial decision.

The prospect of owning a home is exciting, but it can also be a time of anxiety. This is a time when emotions must be kept in check, and one should make an informed financial decision.

Therefore, a daunting, unnerving experience that cannot be undertaken without professional assistance from a Home Loan Expert or a Bond Originating company like Mortgage Plus “Rated one of South Africa’s Top Bond Originator Companies In 2011”.

Bond Originating companies like Mortgage Plus cc work closely with the all the major financial institutions throughout South Africa and understand the precise parameters required in order to get you your first home loan, placing home loan consultants in the position to advise clients on how to accurately present the deal. The essence of Mortgage originators is that they can offer clients appropriate advice and choice on different types of home loan products throughout South Africa.

A mortgage originator provides the public with home loan assistance through relatively unchartered territory, while lowering mortgage bond costs and stimulating inter-bank competition. Around 60-70 %of South African home loan approvals have followed the bond-originating route reflecting the vital link mortgage originators plays in the home ownership chain in South Africa.

Mortgage originators like Mortgage Plus cc have agreements with all the major financial institutions “banks” in South Africa this means those clients fortunate enough to qualify for a New Home Loan from more than one institution has the enviable choice of accepting the one offering the best home loan interest rates and terms.

Bond originators capitalises on the short window of opportunity potential homebuyers have in which to secure home loan or mortgage finance to confirm their purchase. The home loan industry provides unbiased and extensive product knowledge that caters for each client’s specific needs, thus boosting their chances for a successful mortgage application while recognising that securing the bond and determining the associated costs is pivotal to the decision-making process.

Remember Banks want to reduce the amount of time wasted on unfeasible home loan applications and that is the value Mortgage Bond Originators offer to both the financial institutions and the man-in-the-street – having the expertise to weed out those bond applications that should never be placed before the banks.

As home loan specialists Mortgage Plus cc offer their clients a free home loan service and the best chance of getting a home loan on the best terms with the advantage of one-stop shopping and the convenience of choice. The key lies in giving clients a choice of banks and thus providing a hassle-free service without incurring additional costs.

For further information contact Morne Prinsloo on 011 327 4489 or email morne@mortgagepluscc.co.za

If you would like to know more about your home loan services and mortgage requirements please phone the Mortgage Plus Head Office on:

Attached please find the Home Loan Application Form * - Short Home Loan Application Form

0861.11.11.93

info@mortgagepluscc.co.za

www.mortgagepluscc.co.za

100% home loans

If you are like hundreds of South Africans each year who want to buy their own home, you know that the first hurdle to realizing your dream is getting that first home loan. It is not easy, but it is not an insurmountable hurdle either. People successfully achieve their dream to buy a home every day and you can too. Just follow a few easy steps to getting that first loan.

The first thing you want to do is make sure that you are not up to your ears in bills. The bank or savings and loan is going to want to be sure that you can pay your loan. If your bills are a substantial portion of your monthly income, you could be a risk. So you want to get rid of some of that debt. In the months leading up to your decision to buy a home, you can pay more on your bills to pay down the principles. Try to avoid charging much on your credit cards. Save your money. Don’t go out as often. Quit smoking and other expensive habits. You want to do everything possible to ensure that your savings and income are well above your monthly debt.

How stable is your employment? The loan officer is going to want to see that you have the ability to make your payments. Have you been at your current job for years or just a few months? Changing jobs right before purchasing a home is a bad idea, unless, of course, you’re moving into a very high-paying position with a lot of job security. If you are self-employed, put together a portfolio of the work you do and an explanation of how you manage to attract new work on a regular basis. You want to give the loan officer confidence that you will have a steady income throughout the duration of your mortgage.

Consider working with a bond agent. A bond agent can help you fill out your loan application and help you to decide which mortgage options are best for you. And more importantly, the agent can help you select the options that will give you the best chance of getting your loan approved. These people have contacts in the lending world and they can pull strings for you if necessary.

Finally, you want to be sure that your credit is good. Although there are ways to get a loan when your credit score is down in the dumps, it can be quite difficult. Make sure that you are paying your bills on time and that you do not have any loans in default. Also, make sure that you have the required car insurance since even this can show up on your credit report.

Getting a home loan is not sorcery. It is just a matter of common-sense and being organized and informed. If you sit down and plan for what you want and put together a strategy for how you are going to get there, purchasing a home can be a rewarding experience, especially when you find yourself snug in your new home.

For further information contact Morne Prinsloo on 011 327 4489 or email morne@mortgagepluscc.co.za

If you would like to know more about your home loan services and mortgage requirements please phone the Mortgage Plus Head Office on:

Attached please find the Home Loan Application Form * - Short Home Loan Application Form

0861.11.11.93

info@mortgagepluscc.co.za

www.mortgagepluscc.co.za