BMW Home Loans Overview and Services.

For many years, BMW Financial Services has been a leader in vehicle finance, applying the same ingenuity and precision engineering that goes into the production of every BMW to its financial solutions. This extensive experience in vehicle finance has smoothed the road to offering a range of mortgage finance offerings.

Whether you are planning to buy your first home, refinance your existing home, or are looking for a rewarding property investment, a BMW Home Loan offers a range of flexible, competitive options to suit different needs. Further features include access facilities, further loans, repayment breaks, home owner’s insurance and debt consolidation.
Product options.

• Purchasing a new or existing property.
• Switching current Home Loan facility from another institution.
  Registration costs and valuation fees will be covered by BMW SF.
• Switching current Home Loan facility from another institution and at the same time registering a higher loan amount.
• Building a new property.
• Purchasing a property off-plan from a developer.
• Additions and improvements to current property.
• Reduce your current monthly home loan instalments.

Already financed by another institution?

It’s easy to switch your current home loan with the assistance of the BMW Financial Services Home Loan Team. We’ll take care of everything, ensuring that the transition is as smooth and precise as a BMW gear-change. Simply get in contact with Morne Prinsloo on 0861 1111 93.

Debt consolidation.

• Reduce your monthly debt repayment versus income ratio.
• Pay off more expensive short term debt.
• Increase your monthly “cash-in-pocket”.

Switch your current facility free of charge.

The legal cost for switching your current home loan facility will be paid by BMW Financial Services.

Access Facilities.

• Take advantage of interest savings by depositing excess capital into your home loan account, and withdrawing again when required.
• Choose to pay off the loan quicker through cash injections or increased debit order amounts, with the option to withdraw at a later stage.

Re-Advance.

• Access to all capital already repaid, up to the original registered bond amount.
• Option to repay debt over remaining term or amend term to suit instalment requirements.

Further Loan.

Increase registered bond amount, quickly and easily.

Free Property valuation.

A free valuation by a registered property assessor is part of the approval process.

Preferential legal fees.

Preferential fees for registering new mortgage bonds have been negotiated for all BMW Financial Services customers.

Note: Preferably you must be a BMW client

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

Buying a home is a big decision.

Here are five tips worth considering before you take the plunge…

1. Consider Housing Costs

It may be tempting to put in an offer on a home but remember, along with the mortgage payments, you will also need to budget for property taxes and utilities. There will also be expenses connected with maintaining the property, even if you are not planning on doing any renovations right away. Consider these costs carefully before you make an offer.

2. Making a Long-term Commitment to a Home

While right now may be a good time to consider buying a home, keep in mind that prices may drop further in the short term. If you know that you will be staying put for several years (at least five), then now is a good time to think about buying a home. On the other hand, if you see yourself moving in the next couple of years, you may want to hold off on committing to home ownership for the time being.

3. Think of Your Needs First

If you have checked your budget numbers and you decide that you can afford a home and you will be staying in one place for the foreseeable future, you can start figuring out what features are more important to you in a home. Some home buyers want to live in a certain area or close to shopping and recreational facilities. People with children will want to find out about day-care facilities, schools, parks, doctors’ offices, etc., in relation to the house they are considering. These kinds of the things are ‘must-haves’ when you are looking for a home.

4. Your ‘Wants’ Are Not Needs

Just about everyone has a list of things they would like to have in their ‘dream’ home. As long as you are willing and have the means to pay for luxuries, it’s not a problem. You may want to keep in mind that it’s perfectly all right to get into the housing market with a starter home, build up some equity, and then move up to a bigger house that you really want. You may ‘want’ the home theatre, whirlpool tub, and granite counter tops, but do you really ‘need’ them?

5. Phone Mortgage Plus for the Best Mortgage

There are many options available to home buyers who are looking for a mortgage. Not only are there many lenders offering financing, but there are different kinds of mortgages offered by the same lender. Consider the interest rate, payment options and any required fees before you sign any mortgage documents.

Be smart. Consider your budget, how secure your job is, and separate the things you must have from the factors on your wish list to make the right choice for you.

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