Contacting a Bond Originator to do your home loan rather than trying to go directly through to the Banks

Before you apply for a loan, it might be best to contact a bond originator like Morne Prinsloo the (CEO) at Mortgage Plus cc that will negotiate the terms of the loan to ensure that you get the best possible deal. Applying for a home loan / mortgage on your own might be a complex and tricky task and a bond originator can assist you in speeding up this process and raising your chances of having the loan approved in a very short amount of time.

Mortgage Plus Bond originators provide an invaluable service to the South African public when it comes to applying for a home loan. We will be able to assist you in making a sound financial decision regarding your future by helping you choose a loan that is practical and affordable and helping you to avoid the common pitfalls of applying for and accepting the first mortgage loan that comes along. Obtaining the perfect home loan for your financial situation takes careful consideration and knowledge of the home loan and financial industry in South Africa, you can obtain all of this by contacting Morne Prinsloo a bond originator at Mortgage Plus on 0861 1111 93 before applying for your loan.

A bond originator like Morne Prinsloo plays an important role when it comes to applying for a home loan. A large percentage of all home loans in South Africa are generated through this system because they assist with the entire process, from start to finish. Morne will apply for a home loan at many banks and negotiate low interest rates on your behalf and with no costs to you.

At Mortgage Plus Bond Originators we know everything there is to know about home loans and can become a vital link between the bank and you. They will submit your application to many banks and will usually do business with those that offer the applicant the lowest interest rates. In turn, they receive a fee from the Home Loan Department of the bank for bringing them new business.

Banks are becoming more bureaucratic these days because of the economic downturn in the world. In this regard, they will usually require a mountain of paperwork and a motivation as to why they should lend you the money. Mortgage Plus Bond Originators is aware of this and can ensure that you send in the correct documentation such as bank statements and a payslips, together with your application.

Mortgage Plus is a well-established originator company that is linked via the internet to all the major banks, we are able to see on the system how far your application has progressed and we are also able to find out the reasons for delays or why an application was declined by speaking to the right people.

Another important aspect of using a bond originator like Mortgage Plus is to help you pre-assess your finances to ascertain whether you are likely to qualify for a loan. We will also help you calculate the maximum amount you can apply for by taking into consideration your income status. They do this by calculating assets and liabilities, together with your monthly expenditure. Once all these factors have been considered, then an accurate assessment can be made on the amount of money you can apply for at a bank.

The thrill of buying a new home is not easily matched and many people lose their focus when it comes to financing the property. Additionally, if more than one person makes an offer on the home then you stand a great chance of losing out because you are not using an originator like Morne to speed up the process.

A Mortgage Plus bond originator will continue assisting you with all the legalities until you become the official new homeowner.

If you would like to know more about your home loan services and mortgage requirements please phone us on:

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

011.327.4489 / 0861 1111 93

morne@mortgagepluscc.co.za

www.mortgagepluscc.co.za

Deciding to buy a house is a huge step, even more so if it’s for the first time. On top of all the financial decisions that need to be addressed, there are other important factors that need to be considered when starting on the journey to purchase the house of your dreams. It is vital to research and make all the necessary enquiries before signing your name on the dotted line.

According to Jan Myburgh “First-time home buyers should know that besides the asking price for the property, there are many other additional costs that need to be incorporated into the budget. These would include transfer duties, conveyancing fees, rates and bond, homeowner’s insurance and the actual moving cost of hiring delivery vehicles. These expenses, and others that are associated with moving, all add up and amount to much more than anticipated.”

A helpful tip to calculate whether the purchase of the house will place the buyer under financial strain is to add up all monthly expenses and those costs relating to the house (bond repayments, taxes and property insurance) in order to verify whether or not they exceed the gross monthly income. It is advised that the cost associated with the house should not exceed 30% of the gross monthly income.

Besides the financial preparation involved before the purchase of a home, factors relating to the actual property need to be determined. It is important to have a concrete idea of the type of property that is wanted, the preferable area and required space – which all needs to be compatible with the established budget.

“When determining the type of property you are looking to purchase, you need to decide whether you would like to live in a free-standing house, complex or gated community. Free-standing homes allow for more privacy and generally offer a larger space, however, gated communities and complex living offer great security which is a huge benefit with crime statistics so high in the country,” states Myburgh.

The area also plays a large role in determining the levels of crime that can be expected. A property may be ideal in all respects but located in a ‘bad’ neighbourhood – when weighing the options to purchase such a property, the buyer should keep in mind the security of their family, as well as the future value of the property that may depreciate as the area deteriorates.

When looking to purchase a home, the buyer should ensure that the property is conveniently located to their work, shops and loved ones. It is also important to keep the future in mind. If the buyer is thinking of starting a family in the near future, they need to ensure that the property has the space necessary to raise a family.

Myburgh concludes, “When house-hunting, don’t settle for anything less than perfect, but be careful not to exceed your budget. Buying a house is a huge commitment and needs to be handled with extreme consideration. Shop around, take pictures that you can refer to, write down key points that will help you narrow the search and soon you will find the house of your dreams.

If you would like to speak to a Professional Mortgage Specialist about your lending requirements, please phone Mortgage Plus Bond Originators on:

Complete this short form online

011.327.4489 / 0861 1111 93

morne@mortgagepluscc.co.za

www.mortgagepluscc.co.za