Mortgage & Property Talk SA
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Our Mortgage Experts specializes in First Time Home Buyer Loans, New Home Loans, Building Loans, Further Home Loans, Bond Switches and Mortgages throughout South Africa. Click Here to go to The Mortgage Plus Website.
We offer a wide range of advice on different home loan options - 0861 11 11 93*
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- Mortgages, Bonds and New Home Loans | Mortgage Plus Bond Originators
- Absa Bank New Home Loans | Mortgage Plus Home Loans from Absa Bank Home Loans
- Get Cash Back from Cash Returns | Mortgage Plus Home Loans
- First National Bank Home Loans | Mortgage Plus Home Loans from First National Bank Home Loans
- Nedbank Home Loans | Mortgage Plus Home Loans form Nedbank Home Loans
- Property 24 Home Loans | Mortgage Plus Home Loans from Property 24 Home Loans
- Sa Home Loans | Mortgage Plus Home Loans from Sa Home Loans
- Sanlam Home Loans | Mortgage Plus Home Loans from Sanlam Home Loans
- Standard Bank Home Loans | Mortgage Plus Home Loans from Standard Bank Home Loans
- Bond Switches | Mortgage Plus Home Loans Specialise in Bond Switches
- Building Loans | Mortgage Plus Home Loans Specialise in Building Loans
- Company Profile | Mortgage Plus Home Loans are contracted to Absa Bank, Nedbank, Standard Bank, First National Bank and Sanlam
- Contact Mortgage Plus for New Home Loans|Building Loans|Bond Switches|Further Loan Requirements
- Debt Consolidation Loans | Mortgage Plus Home Loans specialise in Debt Consolidation Loans
- Further Home Loans | Mortgage Plus Home Loans Specialise in Further Home Loans
- Mortgage Plus New Home Loans – Apply online for your new home loan
- Mortgages, Bonds and New Home Loans | Mortgage Plus Bond Originators
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- Mortgage Plus Home Loans | For all your Home Loan and Bond Requirements
Further Home Loans trough Absa Bank, Nedbank, Std Bank and Fnb Bank.
You can use the value in your property to finance renovations, a new car or to pay off other debt. It is one of the cheapest forms of borrowing. Further loans or Advances against your current home loan may be used for:
- Alterations or additions to your home or property
- Finance for purchase of other assets e.g. Motor Vehicle
- Paying for Family holidays and education fees
The banks have different requirements, but the general requirements are:
- Minimum Loan amount of R100,000.00 (ABSA R50,000.00)
- There must be sufficient value in your property
- The Affordability calculations will be applied to the loan amount
Further Advance
A further advance against your existing property is one of the two ways to obtain further finance. This is when you register a further bond over the property in order to obtain additional funds. This is because the value of the property market and your specific property has possibly increased over time.
A further advance against your existing property is one of the two ways to obtain further finance. This is when you register a further bond over the property in order to obtain additional funds. This is because the value of the property market and your specific property has possibly increased over time.
Readvance
A readvance from your existing home loan is the second way to obtain further finance. This is when you have repaid a part of your home loan and the funds are made available without having to register a further bond over the property.
A readvance from your existing home loan is the second way to obtain further finance. This is when you have repaid a part of your home loan and the funds are made available without having to register a further bond over the property.
Please go to www.mortgagepluscc.co.za for more home loan options.
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