At Mortgage Plus we have developed our business model to meet the needs of all customers. We will provide you with an exceptional array of competitive home loan choices and service options from a variety of large, medium and smaller lenders. We understand that not all customers are the same and we don’t try and treat you as such. We will provide you with a greater choice in service options including:

• First Time Buyer Home Loans
• New Home Loans
• Second Bonds
• Further Home Loan / Re-advance
• Building Loans
• Development Finance
• Commercial Loans
• Bond Switches
• Debt Consolidation Loans

The Mortgage Plus Home Loans website has a considerable amount of valuable information for all customers, whether you are a First Home Buyer, Buying Again for a second or subsequent home, Refinancing to find a better loan or raise additional funds for renovations etc or if you are an Investor looking to build your wealth through property.

Research

We publish news and views on the property market and have an extensive range of articles and how-to guides covering everything you need to know about buying a home and investing in property. We have a variety of resources for buyers and investors alike. http://mortgagepluscc.co.za/blog/

Calculate

How much can you borrow? How much stamp duty might you need to pay? How much interest can you save making extra repayments, and how can you plan your budget? You can use our tools and mortgage calculators to answer these questions and many more. http://www.mortgagepluscc.co.za/bond-repayment.php

At Mortgage Plus we’re here to help – welcome to your one-stop shop for home ownership.

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

A two-year logjam in the property market has at last been unblocked due to increased lending by banks.

So says Julie Davison-White, who notes that the vital key to this shift is bank lending to first-time buyers to acquire homes priced at around R350 000 in areas such as Tembisa, Kaalfontein, Ivory Park and Ebony Park, to the east of the N1 freeway.

“First-time buyers with good credit records are now able to get 100% bonds to buy these properties, and of course there is no transfer duty payable on homes costing less than R500 000, so there are lots of sales now taking place in these areas.

“And that is enabling the sellers of those homes to come and buy properties in Midrand, which they are doing in ever-increasing numbers in suburbs such as Noordwyk, Vorna Valley and Halfway Gardens, to the west of the N1.

She says the properties most in demand among the incoming buyers are freestanding or stack simplexes in secure sectional title complexes, at prices in the R450 000 to R550 000 range – the owners of which are then free, in their turn, to upgrade to clusters and freehold homes in the R650 000 to R900 000 price range.

“In other words, the market has changed back to its normal dynamic and completely altered the picture of the past two years, during which we sold large numbers of distressed properties in co-operation with various banks, and in very many cases saw the sellers of those properties leave the market altogether or at best become tenants.”

Davison-White says that buyer numbers in Midrand are also being supplemented now by people choosing the area for its strategic location between Johannesburg and Pretoria. “For example, people who live in Pretoria and currently commute to Johannesburg every day would like to avoid having to pay the new tolls shortly to be introduced on this route, and of course cut the hours they spend in very heavy traffic.

“However, Johannesburg has its own traffic congestion problems, and Midrand definitely has the price advantage over areas that would otherwise be the target of such buyers such as Sunninghill and Fourways. It also has several excellent schools and top-class shopping centres within easy reach of home – not to mention its own Gautrain station.

“Consequently, we are expecting further steady growth in demand here over the next year, and an increase in sales of houses in the R850 000 to R1,5m category, provided that these are well-priced by the sellers and that the buyers have cash to cover deposits of between 10 and 20%.”

CONTACT US

Speak to a home loan consultant about financing your new property or reviewing your existing mortgage. We are able to assist in lowering your bond repayments and securing attorney discounts.

Complete this short form online
Call us on 011.327.4489
Email: morne@mortgagepluscc.co.za

www.mortgagepluscc.co.za