Mortgage & Property Talk SA
South Africa's Leading Bond Originator and Home Loan Advisors
South Africa's Leading Bond Originator Site - Apply Online Now!
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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Looking for home loan affordability calculators?
Mortgage Plus Bond Originators provides you with access to a range of bond calculators and is rated one of South Africa’s top bond originators.
Why use the Mortgage Plus Home Loan Calculators?
Our Home loan calculators are great tools to give you an idea as to the size of home loan you could potentially afford. There are several types of bond calculator’s available, calculating aspects such as:
- How big a home loan you could qualify
- What your net salary should be to qualify for a particular home loan amount
- What your monthly home loan repayments would be on particular bond amount
- Your total monthly overheads and expenses.
Feel free to use the below home loan qualifications calculators to help you with the right financial choice:
At Mortgage Plus we understand how important it is to make the right financial decisions when taking up a new Bond or Home Loan. This is why we have developed the above tools and mortgage calculators to help you choose a home loan that best meets your needs.
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
Home loans in South Africa may be obtained for various types of real estate property, such as flats, town houses, cottages, small agricultural holdings and large farms. The title deed of a property is held by a South African bank (home loan lender) as collateral, till the full payment towards the principal and interest is completed
Home Loans South Africa: Pre-Qualification
A home loan pre-qualification is a certification of a borrower’s capacity to repay a home loan. This certification is valid for a couple of months. It also states the maximum home loan amount a borrower can bear with ease. A credit check is carried out, with the individual’s consent. The purpose is to draw up a pre-qualification certificate. Income, which may be individual or joint, is the primary factor taken into consideration for a pre-qualification certificate.
Being a quick procedure, pre-qualification helps to narrow down properties that fit one’s budget and avoid denial. Pre-qualification also speeds up the procedure of home loan approval as it convinces sellers to grant loans when an application is backed by this certificate. Applying for a pre-qualification certification does not oblige an individual to apply for a home loan. Its basic purpose is to serve as a tool that helps to determine an individual’s borrowing ability.
Home Loans South Africa: Special Services
For assistance with home mortgage application and procurement, the home loan borrowers in South Africa can opt for the services of a bond originator or mortgage broker. These are banking experts who have a complete grasp of the home loan industry and general market conditions. This high-level expertise of a bond originator helps in finding the most lucrative loan terms and interest rates. Besides, a bond originator’s services are free at Mortgage Plus cc
Home Loans South Africa: Tips
Borrowers must first obtain a copy of their credit reports to ascertain their credit rating. Under the National Credit Act, individuals are entitled to a free copy of their credit reports annually from Experian and TransUnion.
Evaluating credit reports is vital to identify adverse items and incorrect records. The purpose of evaluation is to rectify inaccurate data. A home loan lender may reject an application on the basis of such records. Small steps such as speeding-up repayments on personal loans and other short-term debts significantly improve the chances of acquiring a home loan in South Africa.
Please contact us if you require any further information or would like to apply for finance:
Complete this short form online
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