100% home loans

If you are like hundreds of South Africans each year who want to buy their own home, you know that the first hurdle to realizing your dream is getting that first home loan. It is not easy, but it is not an insurmountable hurdle either. People successfully achieve their dream to buy a home every day and you can too. Just follow a few easy steps to getting that first loan.

The first thing you want to do is make sure that you are not up to your ears in bills. The bank or savings and loan is going to want to be sure that you can pay your loan. If your bills are a substantial portion of your monthly income, you could be a risk. So you want to get rid of some of that debt. In the months leading up to your decision to buy a home, you can pay more on your bills to pay down the principles. Try to avoid charging much on your credit cards. Save your money. Don’t go out as often. Quit smoking and other expensive habits. You want to do everything possible to ensure that your savings and income are well above your monthly debt.

How stable is your employment? The loan officer is going to want to see that you have the ability to make your payments. Have you been at your current job for years or just a few months? Changing jobs right before purchasing a home is a bad idea, unless, of course, you’re moving into a very high-paying position with a lot of job security. If you are self-employed, put together a portfolio of the work you do and an explanation of how you manage to attract new work on a regular basis. You want to give the loan officer confidence that you will have a steady income throughout the duration of your mortgage.

Consider working with a bond agent. A bond agent can help you fill out your loan application and help you to decide which mortgage options are best for you. And more importantly, the agent can help you select the options that will give you the best chance of getting your loan approved. These people have contacts in the lending world and they can pull strings for you if necessary.

Finally, you want to be sure that your credit is good. Although there are ways to get a loan when your credit score is down in the dumps, it can be quite difficult. Make sure that you are paying your bills on time and that you do not have any loans in default. Also, make sure that you have the required car insurance since even this can show up on your credit report.

Getting a home loan is not sorcery. It is just a matter of common-sense and being organized and informed. If you sit down and plan for what you want and put together a strategy for how you are going to get there, purchasing a home can be a rewarding experience, especially when you find yourself snug in your new home.

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

0861.11.11.93

info@mortgagepluscc.co.za

www.mortgagepluscc.co.za

Owning a home is a prospect that many people look forward to. Nobody can resist the excitement of the prospect of finally having the chance to get a place that you can call your own. However, one has to remember that such a decision requires sound financing as money is directly involve in these transactions considering the fact that you will be purchasing a property and acquiring it as your own.

People are encouraged that as much as they can, they should try to use their own finances when paying up for major financial purchases. However, one should remember that if their financial situation is the sole reason that has been preventing them from getting their own home, then instead of waiting for the right time when they can raise the right amount of cash, they can rely on alternative financing instead.

There are many firms around that offer various types of financing assistance to customers who greatly require them. These chances are often available for almost everybody to avail of provided that they are able to comply to all the essential rules and regulations and the requirements that have been set by the provider. With them around, more and more people are given a chance to buy their own property since they will be provided with the right financial back-up.

It is quite understandable how processes involved in availing these services are often a bit complicated with borrowers being asked to pass these record or submit that document. Since the procedures may be a bit rigorous, these processes take its toll on prospective applicants. There are people who become downright discouraged at the thought of moving forward even before they could submit their application.

If one wishes to avail of these financial assistance, but would wish to do away with the tedious process that needs to be completed before approval will be given, they can instead rely on the assistance offered by bond originators. These are people who have comprehensive knowledge on the loan and approval process and can extend their hands I making sure you get to avail of one and have it duly approved as well.

These people operate separately from the financing firm whom you will be availing the loan from. These people belong from an independent third company whose main job is to help provide financial advice to their customers and at the same time provide them with the necessary guidance on how the borrowing process as to be done. Since these are guys who know the ins and outs of the business, they can offer sound help in making things work more smoothly for the borrower.

Aside from being able to draft out helpful financial plans that will ensure that the monetary needs that the borrower will require for the home loan will be duly covered, the bond originators can also act as a personal assistant to the borrower in ensuring that all the procedures and documents that are needed in the approval of the financial assistance application are all properly procured.

With the presence of bond originators, many borrowers who would like to try their luck in getting a home loan will not just be assured of the alternative financing that they are trying to avail of, they are also able to take advantage of these offers conveniently since there are professionals who will carry out the necessary tasks for the.

Please contact us if you require any further information or would like to apply for finance:

Complete this short form online

011.327.4489 / 0861 1111 93

morne@mortgagepluscc.co.za

www.mortgagepluscc.co.za