Home Loan Application Form

When looking for a home loan, we have found 3 things matter to home buyers above all – getting a bond approved, getting the best rate and getting great service… and that’s what we focus on.

We have a relationship with all the major banks in South Africa, meaning that we will not only advise you on what loans are available and best suit your needs, but we’ll also be able to shop around to try and get the best deal possible…all with the minimum effort from you and best of all our service is 100% free.

We’re here to help you through the whole process, from pre-qualification to final registration of the bond.

What Our Customers Say:

Mortgage Plus “Morne Prinsloo”  has proven himself as an incredibly competent and a knowledgeable bond originator. He performed above and beyond expectations in what was a complicated mortgage application, and made the process straight forward and as comfortable as possible. My family and I owe a great deal to Morne’s professionalism and patience.

Again

THANK YOU.

Jason Hiddlestone

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Hi Morne. Thank you for your assistance with our home loan application and your swift response to our needs. Your services were greatly appreciated and we would highly recommend you to future clients. We look forward to working with you in the future regarding all our finance needs.

Regards,

Peter Simon

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I was very fortunate in being introduced to Morne Prinsloo, as he provided me with sound and professional home loan advice. He was always readily available to contact and capable of answering ALL the questions I threw at him (and there were many!!!). Thanks again for your help

Anne-Marie Andrews

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We have recently had dealings with Morne through Mortgage Plus Bond Originators in arranging a building finance for our new house in Krugersdorp. We would have no hesitation in recommending Morne to anyone requiring the services of a mortgage originator. Morne’s knowledge was good and all queries were promptly answered. Once finance was organized, there were follow-up calls to make sure everything was progressing smoothly. Even after making our third progress payment to the builder, Morne still rang to see if everything was going smoothly.

Sandra Douglass

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Hello Morne,

Thank you very much for all your help in getting the loan, in fact two loans. You selected the right package and you made us feel as if we are your only customers. We appreciate your following up on every aspect of document collection and completion of all necessary documentation in order to get loan approval without delays. Thank you for keeping us informed every step of the way and explaining the many issues that we avoided thanks to your expertise and commitment to succeed the first time.

Thank you again and kindest regards,

Tresia Du Plessis

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Being first home buyers, the process of finding the right home loan and bank was a very daunting prospect. We were recommended the services of Mr Morne Prinsloo from Mortgage Plus. Morne made himself available at times that suited us and explained our options in an easy to understand fashion. From our initial meeting all the way through the application and registration process, and even once we had moved into our home, Morne was always happy to help. He was available to answer any questions we had and ensured we were comfortable with every aspect of our new home loan. It is no exaggeration to say that without Morne we could not have done this ourselves. We would highly recommend utilizing his services to take the stress and pressure out of finding and applying for a home loan.

Thank you Morne!

Amelia Williams

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Dear Morne,

I am normally a very busy person and do not have much time to search through various finance organizations to find out which one could offer me best finance options. With your help, I was able to do just that within the comfort of my home. We accessed many different options easily by utilizing your website ( www.mortgagepluscc.co.za ) and comparing them to decide which one would suit me best.

But my appreciation did not stop there. After locating the right Home Loan for me, you followed up all the steps leading up to the registration, reminding me some steps that I forgot to follow. You also had a discussion with my financing organization and convinced them to waive the early payment fee of my existing loan (which saved me R7800).

It was your professionalism, attention to detail, and very friendly manners that helped the whole process turn into an easy and manageable experience for us.

I would not hesitate to recommend your services to anyone who is in the process of buying a property and trying to arrange suitable finance. Thanks again for your excellent support and the time you dedicated to us.

Ms. Johanna Setlhogole

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The purchase of our first home was made possible thanks to Mortgage Plus “Morne” and his hard work. Purchasing your first home can be quite daunting, however Morne explained the whole process thoroughly (and many times) to ensure we were well educated and equipped to handle all that came with this process. He was always available to help with any enquiries and promptly addressed any issues that arose. Everything was completed in a timely manner and with great diligence. We are now living the great South African dream thanks to all his hard work!!!

Craig and Pauline

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Morne was very prompt in getting back to me after my initial website inquiry about a reverse mortgage. I was acting on behalf of my aged father in trying to secure a bond. I found Morne to be very knowledgeable in the subject of reverse mortgages, and prompt in his follow up of my subsequent enquiries once I decided to apply. Morne made sure I understood all the detail of the loan and advised all the documentation and processes required to ensure prompt loan approval from First National Bank.

Regards,

Kevin Koen

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Hello Mr Prinsloo. I have just returned from the bank, and everything is now organised and under control.

Thank you so much for being so available, and so willing to give wise advice.

I could not have gone through this experience without you.

My funds will be available for access by Thursday, and the credit card will be the first victim!!!

Kind regards

Adrienne Smalberger

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I found you via Remax Real estate when I was looking for a house to call my own.

You have been very courteous, helpful & prompt in your service all along, thanks heaps.

I will definitely recommend you to anyone I know who requires help with their loan application.

Wishing that you are happy, healthy, & prosperous always.

Dr Dorfling

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 up as banks relax lending rules

At the height of the property boom in 2006, South Africa’s four major banks were approving an average of more than 30 000 new home loans every quarter.

During 2009 this number had dropped to well below 8 000 as banks tightened lending criteria considerably in response to the global financial crisis, as well as factors such as interest rate increases, high household debt ratios and the effect of the National Credit Act.

However, with sharp cuts in the repo rate over the past couple of years, the prime lending rate has dropped to below its 2006 level and, according to property analysts, all indications are that banks have been slowly relaxing their lending criteria again. The result is that the number of new home loans approved is on an upward trend again, having increased by 10 percent since 2009.

Mortgage Plus recently completed a study of the number of home loans approved per quarter and loan-tovalue ratios of the four major banks – Absa, Standard Bank, FNB and Nedbank – from 2006 to the first quarter of 2011, to assess whether the strict lending criteria applied over the past few years since the economic crisis have eased.

“There is a slow and cautious recovery and there has been a slight drop in the first quarter of 2011, with fears of a double dip recession being mooted. But an upward trend in new lending for the residential market indicates that banks are developing more of a desire for risk,” says analysts .

“Boosting indications that lending criteria have relaxed is the fact the loan-to-value (LTV) ratios are on a similar upward trend. After dropping from an average for all banks and all market segments of almost 90 percent in 2006 to just 79 percent in 2009, they have climbed back up to an average of 82 percent since the first quarter of 2010.”

She says there is a significant difference in LTVs, however, once these are assessed in terms of market segment. Poorer households are accessing home loans of over 90 percent LTV whereas the LTVs for the comfortably off and super-wealthy are around 80 percent and 75 percent respectively.

“A number of factors account for this trend. The first is affordability – it is often simply the case that comfortable and wealthier buyers have cash to put down deposits and have often sold previous homes at a profit, whereas those buying in poorer areas may not have savings or the profits from the sale of a home to invest.

“However, it should also be considered that much of the bad debt on the banks’ books after the downturn in property values and rising interest rates caused many homeowners to default, came from the wealthier sector and higher-priced homes. Also, there has been pressure on the banks to contribute towards South Africa’s low-cost housing backlog by making home loans more accessible to lower income earners.

“There has been comment from the property sector that the strict lending criteria are a major factor constraining house price growth, and that in light of low interest rates this approach may be too conservative – creating something of a buyer’s market,” says Ivins.

However, she says, there is clearly light at the end of the tunnel.

“Interest rates are low, home loan accounts are performing better and lending criteria should become more lenient, which should stimulate prices and demand as household debt comes under control and banks resolve the distressed property sales and properties in possession still on their books.”

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