Introducing Mortgage Plus Bond Originators  

When looking for a home loan in South Africa that will best suit your needs as an individual but have no idea where to start or how to go about this intricate task, then look no further.

MORTGAGE PLUS Home Loans is here to help. As a specialist in home loans, MORTGAGE PLUS Home Loans is more than able to give you the assistance you have been looking for regarding taking out a home loan that will not be heavy on your pocket but which will be something you can manage in the long run.

MORTGAGE PLUS Home Loans knows that purchasing a new home, or taking out a mortgage on your existing home, is a rather costly activity and therefore all the available options need to be considered before an adequate final decision can be made concerning the home loan which is most ideal for you.

After operating in the home loan industry in South Africa for a number of years, MORTGAGE PLUS Home Loans has been able to build up the experience and thus the expertise necessary for giving the best assistance to those looking to take out a home loan or second mortgage on their house.

MORTGAGE PLUS Home Loans has consequently become a specialist in the field of home loans, with more and more people in South Africa coming to us for our expertly reliable home loan assistance services. 

MORTGAGE PLUS offers the following services:

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

It should be noted that MORTGAGE PLUS Home Loans is not a bank or an estate agency but is a bond originator who will assist you by starting the bond application process on your behalf.

MORTGAGE PLUS Home Loans has great contacts with a number of the major banks in South Africa, which means that we are more than able to get all clients the best rates possible. Furthermore,

MORTGAGE PLUS Home Loans has their own attorneys and by making use of these you can save up to 30% on your attorney fees.

And if you so wish, you could even receive your funds in as little as 7 days.

Thus with their expertise and networks MORTGAGE PLUS Home Loans will:

• Consult with you regarding the best approach for financing your mortgage.
• Do the legwork in contacting all the financiers in the country.
• Handle all the administrative and legal paperwork on your behalf (with permission of course).
• Negotiate the best offer for you.

So, to be established from what has been said above, MORTGAGE PLUS Home Loans is the best choice to consider when looking for assistance to guide you through the strenuous process of taking out a home loan or getting a second mortgage on your house. MORTGAGE PLUS Home Loans is here to help you make the best decision you most possibly can.

Why not get in touch with us and allow yourself the opportunity to save big on a home loan most suited to your individual needs and pocket.

With MORTGAGE PLUS Home Loans you will not be disappointed.

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

Are you a first time home buyer?

 Are you looking for a loan? Do you want to know what you qualify for when buying your first home?

If you are a first time home buyer and you’ve always dreamt of the new house that you will own one day, you must have thousands of questions running through your mind. You probably don’t actually know where to begin!

And I guarantee that those questions range from:

What are the best home loan deals for first time home buyers?
Should I go for a fixed rate or a variable rate?
How do I get my first mortgage or home loan?
Should I go to a first time buyer mortgage specialist or a bank when I’m buying my first home?
How much can I afford to borrow for my first mortgage, and how much will it all cost me?

To the most important of the lot, CAN I AFFORD MY FIRST HOME?

Well, a good place to start is our first time affordability calculator section that will instantly tell you what your monthly repayments would be on any given home loan. Being a first time home buyer you’re left with plenty of options. The first being a 100% +home loan (for the right purchaser). Another option would be just a ordinary loan. Then there’s the option of a joint bond i.e. with a friend, girlfriend, partner or parent and last but not least a shared ownership loan. What this allows you to do is buy with an entire group of people thereby cutting down your monthly costs but obviously adding more partners.

The option I’m going to talk about here is a First Time Home Buyers Loan. A first time buyers loan is a 100% + bond (for the right purchaser). This means you’re getting 100% + loan (for the right purchaser)  to value of the purchase price for the bond you requested from the banks PLUS roughly 8% to pay for your bond registration and transfer costs. This obviously means that your bond is going to cost you a little more, your interest rate won’t be so great and the downside is that the 8% is going to take you an additional 3 to 5 years to pay off, but for those first time buyers who need the extra cash, the FIRST TIME LOAN is the IDEAL solution.

Requirements:

1. MOST IMPORTNANTLY – An absolutely clear credit record – so check yourself out with the credit bureaus
2. No bounced debit orders on your bank statements – watch for this and don’t get caught
3. 3 months bank statements - preferably originals or if internet statements stamped at the branch
4. Copy of your latest salary slip
5. Copy of your ID

Each bank has slightly different requirements for a 100% + bond:

First Time – ABSA First Time Home Buyer:

- Min first time bond amount of R120 000 with no maximum amount
- Trusts, cc, companies – 80% – 90% with a stable employment for 2 years
- You must be a South African citizen with a CLEAR CREDIT RECORD
- A minimum single income of R6000 and joint of R10000

Bond Plus – FNB First Time Home Buyer

- Min bond plus amount of R150 000 to a maximum of R2 mil
- Trusts, cc, companies - 80% – 90% loan with stable employment of 2 years
- You must be a SA citizen with a CLEAR CREDIT RECORD
- A minimum single income of R9000 or a joint income of R11000
- Variable interest rates offered

Jump Start – STD Bank First Time Home Buyer

- Min bond amount of R100 000 with no maximum amount
- Trusts, cc, companies - 80% – 90% no costs included. However they have been known to offer 108%
- Must be an SA citizen, employment proof needed with an acceptable credit record
- If 108% loan is asked, there might be an extra charge for “cost inclusive” risk
- Exclusions include vacant land and commercial property loans
- Variable rate or fixed rate

Alpha Bond – Nedbank First Time Home Buyer

- Min bond amount of R100 000 to a max of R2 million
- Trusts, cc, companies – 80% – 90% loan amount (including bond costs)
- You must be a South African citizen with a CLEAR CREDIT RECORD
- A minimum single income of R5000 commission earners, 12 months with the same employer and 6 months commission statements
- Exclusions – 2nd Time buyers, temporary employment building and home improvements loans
- Variable rate or 1, 2, 5 year fixed rate contract