The most recent FNB Property Barometer indicates a big upturn in first time homebuyers – an increase of 35 per cent since 2008, says Morne Prinsloo, director for Mortgage Plus Bond Originators.

In 2008 first time home buyers comprised 17% of the total homebuyers and in 2011 they comprised 23%.

Prinsloo said that this shows:

1. that the banks are easing up on their lending criteria – even to the extent of three of the major banks now granting 100% loans to qualified applicants, with one bank granting up to R 2 700 000.

“This,” he said, “may or may not be in response to repeated calls from estate agents to review the criteria but, whatever its cause, we are grateful and see it as a first step towards “normalisation” of the market;

2. A revival in consumer confidence in the property market – it is noteworthy, said Prinsloo, that many first time homebuyers do not have to buy: they can continue to rent or live with friends and family. The fact that they choose to do so indicates an increasingly positive mindset regarding property in SA today and this is to be welcomed.

3. The raising of the transfer duty tax exemption to homes sold for up to R 600 000, has been another boost to first time home buying

4. First time homebuyers are encouraged by the 35-year low in interest rates

The benefits of home ownership, said Prinsloo, have been so well promoted “by Mortgage Plus Bond Originators” that we assume they will be widely appreciated. However, this is not always the case among those with a “rent-forever” outlook. It is, he said, therefore encouraging that so many people at the lower end of the housing market realise that owning a home is still the most convenient way to secure growing assets, a stable family-oriented position in society and the opportunity to “personalise” one’s domestic surroundings.

“Home ownership is good for economies and the fact that South Africa’s first time homebuyers are on the increase is good news. It could be that this emerging middle class will keep South Africa on track despite disruptive elements working to break down existing social structures and change existing economic policies.”

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

0861.111.193

info@mortgagepluscc.co.za

www.mortgagepluscc.co.za

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