Home Loans available throughout South Africa

No matter where you are located in South Africa, whether it is in Johannesburg, Cape Town, Pretoria, Durban, or elsewhere; we will find you the best Home Loan available.  We do this through comparing home loan products between the financial institutions.  We consequently become a specialist in the field of home loans, building loans, further loans, bond switches and commercial loans with more and more people in South Africa coming to us for our expertly reliable home loan assistance services. It should be noted that Mortgage Plus is not a bank or an estate agency but is a bond originator who will assist you by starting the bond application process on your behalf.

Online home loans through Mortgage Plus

Why visit banks and waste time when you can use the internet to find the best Home Loan right at your fingertips?

Whether you have time during your work schedule, or need to search for the best Home Loans Online at home, we are here. With a presence on the web to provide our users with the best and latest information possible for example new regulations when it comes to bond originators as well as home finance and interest rates that may affect your decision when looking at a specific Home Loan and comparing it to others. This may also affect the bank that is chose, whether it be ABSA Home Loans, Standard Bank Home Loans, Nedbank Home Loan, First National Bank home loans or a variety of others.

We are experts when it comes to home loan finance in South Africa and have specialists standing by, just for this very purpose.

Mortgage Plus will find the right deal for you. Guaranteed!

Please Note:

We have a Personal Loan product that we specifically structures for Property Buyers who wants to buy residential properties but do not have a cash deposit or transfer cost for the property they are buying. “This Product is exclusively available to clients that apply for a new home loan through Mortgage Plus Bond Originators”

Mortgage Plus Home Loan Calculators :

Affordability Calculator, Bond Status Calculator, Increased Instalments Calculator , Minimum Income Calculator , Monthly Payments Calculator

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

SA banks, hard hit by large numbers of home loan defaults during the recent recession, are set for a much better time in the next few years because of the quality lending “books” they are building now.

That’s the word from one of South Africa’s leading mortgage originators, who says: “The home loan business the banks are writing now is probably the best they have written in the past 10 years, and we expect it to prove very profitable within the next two to three years.

“For a start, they are already evaluating or ‘credit scoring’ potential borrowers now on the basis of a one or two percentage point expected increase in interest rates next year. And while this may disappoint many, it should ensure that those who do obtain home loans now have the financial resilience to cope with the predicted rate hikes, without defaulting and running the risk of losing their homes.”

In addition, home loan rates are currently not being discounted nearly as much as during the past few years, when borrowers in good standing could quite often secure a rate that was one or even two percentage points below the prime rate.

“What is more, there is a further shield for both banks and borrowers in the fact that there are really very few 100% loans being granted at the moment. Combined with the strict lending provisions contained in the National Credit Act, the requirement now for most homebuyers to pay a deposit of at least 10% – and usually more – offers protection against the effects of negative equity for both individual borrowers and the real estate market in general.

“Consumers who pay bigger deposits also benefit in the sense that banks will grant them loans at more favourable interest rates, which saves them money.”

Finally, profitability should be improved by the fact that the banks have streamlined the acquisition of new home loan business as far as their fixed costs go.

“Overall, we see that the lenders have stopped playing so hard for market share and started to really concentrate on the quality of their home loan business. And as this shapes up, it should serve to make them much less nervous about the home loan market, and about granting new loans – although we anticipate that these will very much continue to be granted according to the ‘new rules’ and not in the freewheeling way of the past. Borrowers will be taken seriously, as valuable customers, and that’s good news.”

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