Bond Originators South Africa – 0861 11 11 93

Before there were any bond originators, you had to go through the process of applying for a home loan / mortgage with every single bank individually. You had to go to their office during regular hours. This took extra days and hours of trying to shop for home loans with the best interest rates you could live with. When you hire a bond originator in South Africa, things work very differently. Bond Originators like Mortgage Plus will often come to your home, even after normal business hours. They take you through the application just once. No matter how many other lenders they will approach on your behalf. This means that you do not have to spend hours going t hrough the same home loan process repeatedly.

Mortgage Plus have signed contracts with all of the bigger banks as well as many of the smaller independent banks and a list of kinds of lenders that they have worked with in the past. The thing that is good about this is that when you get the okay from multiple places, you can choose which one you want because by being able to compare home loan interest rates and terms you can pick the one that offers you the very best terms.

Mortgage Plus bond originators do all of the negotiating with all of the lenders, banks and financial institutions in order to get you the best home loan interest rates possible in South Africa. When all is said and done, Mortgage Plus Bond Originators can usually get between a 0.5% and 2 % lower than the current prime interest rates. Estimates in South Africa say that the origination industry will save their clients around 5% per year in rate concessions. The lenders, banks and financial institutions all know that they have to be very competitive if they are to get any business. There will be times when the negotiations have been completed, a lender, banks and financial institutions will tell the originator like Mortgage Plus that they will give them an extra percentage discount beyond what the best lender has negotiated. The originator will not reveal what has been negotiated but will give each of the lender, banks and financial institution one final time to bear the best rates or terms that the originator has in hand.

It is also a good thing that regardless of all the red tape the NCA causes, bond originators somehow manage to take your application through the process of getting approved in just about half the time it would normally take you if you were approaching the lender or bank directly. Mortgage Plus takes 4 working days to get you a bond approval. Therefore, you not only save on rates and get better terms, but you also save time and we all need to save as much time as we can.

It is no secret that banks ar en’t very enthusiastic about the bond originator industry. They have to give up some of their margin and what they would have earned on insurance as well, when bond originators secure the bond on behalf of their clients.

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 Loan Types
There are several types of home loans available from the major banks in South Africa. Below we have listed a few of the different options, but for more details and advise, speak to one of our Home Loan Originators.

First time buyers Home Loan
If you have never owned a property or had a home loan before, a special home loan is available, whereby the banks will lend you more than 100% of the property value. This will allow you to include the transfer and registration costs into the home loan, making it easier for you to enter the property market. No deposit is required with this option.

A Variable Home Loan
This is just a normal home loan which is given at the negotiated interest rate. Home Loan rates are always negotiable, and are generally affected by the amount of the loan taken out. The smaller the loan, the less chance you have of getting below the prime lending rate. With this type of home loan, if the interest rates increases by 1 percent, your home loan rate will increase accordingly. If the interest rate drops, so will your home loan rate.

Fixed Home Loan Rate
With this type of home loan, your interest rate is fixed for a period of time. Usually for one or two years. One thing to bear in mind with this option, is that the interest rate will be slightly higher that the current home loan rate. One good advantage is that it protects you from rising interest rates, so for that period of time you know what your bond repayments are. The only downside is if the interest rates drop, your home loan rate will stay unchanged – thus costing you more at the end of the day.

Capped Home Loan Rate
With this type of Home Loan, your interest rate is capped at a maximum rate of interest for a period of time, so you will never pay more than the capped rate. If the interest rates increase, you will never pay more than the capped rate you have negotiated. A good thing about this option is that you will enjoy the benefits if the rates decrease. Please note – this type of  Home Loan is not always available, and certain criteria is required before the Banks will approve your application. The Types of Home Loans offered by South Africa’s leading Banks!

For your convenience we have put together some information from South Africa’s 4 leading banks. Although our consultants will give you all these options, we believe it will be useful to you, as you will know what is available to you.

Absa Bank
First National Bank
Nedbank
Standard Bank
Sanlam Home Loans
Sa Home Loans

CONTACT US
For more assistance with regards to Applying for Home Loan Finance .
Email: morne@mortgagepluscc.co.za
Ph: 011.327.4489
or Complete This Online Form