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

Studying the property market cycles of the past is the best way of catching a glimpse into the property market of the future, says Adrian Goslett.

Goslett says that timing plays a vital role in the return of investment when purchasing property, even though property investment is far more forgiving than other forms of investment. While purchasing investment property is not for the faint at heart, knowing what to look for and when to buy will make the process far less daunting to the novice investor and once mastered could lead to financial freedom.

He notes that when looking at property cycles over the past few decades there is a definite pattern that can be followed over a period of nine years. Every nine years there is an economic downturn which takes on average of 10 months to complete they cycle from the top to the bottom. The bottom of the cycle usual lasts approximately 24 months, followed by a slow solid upturn to the top with a recovery period of about 64 months. “With the South African property market currently in the recovery stage of the cycle, prevailing market conditions including the low interest rates and a vast range of well-priced properties, make this the ideal time for investors to take advantage of opportunities found in the market,” says Goslett.

Since the beginning of 2011, there has been a marked increase in activity in the property market due to a stronger demand by buyers, and so far, the demand for property during 2012 has proven to be even greater than what was experience during 2011. While there are still many properties available to buyers in the market, Goslett says that investors are realising that if they need to strike while the iron is hot. “With the market recovery in full swing it is likely that property prices will begin to rise in the near future and those that don’t make the most of the current market conditions will lose out. More profit can be made from buying property in a recovering market and selling in a boom period, than if the property was bought and sold in the boom period,” he says.

According to Goslett, although a recovering market is the ideal time for investors to purchase property, the same rules should still apply and investors must not rush into any transaction without concluding the necessary research. Certain elements such as location and type of property should always be considered in any market to ensure that the purchaser is buying into an investment that will produce a return in the future.

Having considered all the necessary aspects, well-informed investors will be able to recognise a good deal when they see one. A good market knowledge and idea of what properties are selling for in certain areas, will allow investors to identify and differentiate between an overpriced property and one that is market related. Purchasing a property that is priced outside of the market’s current perimeters will only erode the chances of seeing a healthy return in the long term. “Property buyers that can show the necessary affordability required by financial institutions are bound to find good value-for-money deals in the current market,” says Goslett.

While banks have slightly relaxed their lending criteria, investors will still need to show that they have the disposable income and the required deposit or sufficient collateral to secure finance. In any market, a favourable credit rating will always be beneficial to the investor and allow them to get ahead of the game.

“The cyclical aspect of the property market will always mean that investors will have to contend with the lows, as well as make the most of the highs. However, despite the peaks and troughs property continues to be a sought-after asset that appreciates in value over the long term,” Goslett concludes.

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