Contacting a Bond Originator to do your home loan rather than trying to go directly through to the Banks

Before you apply for a loan, it might be best to contact a bond originator like Morne Prinsloo the (CEO) at Mortgage Plus cc that will negotiate the terms of the loan to ensure that you get the best possible deal. Applying for a home loan / mortgage on your own might be a complex and tricky task and a bond originator can assist you in speeding up this process and raising your chances of having the loan approved in a very short amount of time.

Mortgage Plus Bond originators provide an invaluable service to the South African public when it comes to applying for a home loan. We will be able to assist you in making a sound financial decision regarding your future by helping you choose a loan that is practical and affordable and helping you to avoid the common pitfalls of applying for and accepting the first mortgage loan that comes along. Obtaining the perfect home loan for your financial situation takes careful consideration and knowledge of the home loan and financial industry in South Africa, you can obtain all of this by contacting Morne Prinsloo a bond originator at Mortgage Plus on 0861 1111 93 before applying for your loan.

A bond originator like Morne Prinsloo plays an important role when it comes to applying for a home loan. A large percentage of all home loans in South Africa are generated through this system because they assist with the entire process, from start to finish. Morne will apply for a home loan at many banks and negotiate low interest rates on your behalf and with no costs to you.

At Mortgage Plus Bond Originators we know everything there is to know about home loans and can become a vital link between the bank and you. They will submit your application to many banks and will usually do business with those that offer the applicant the lowest interest rates. In turn, they receive a fee from the Home Loan Department of the bank for bringing them new business.

Banks are becoming more bureaucratic these days because of the economic downturn in the world. In this regard, they will usually require a mountain of paperwork and a motivation as to why they should lend you the money. Mortgage Plus Bond Originators is aware of this and can ensure that you send in the correct documentation such as bank statements and a payslips, together with your application.

Mortgage Plus is a well-established originator company that is linked via the internet to all the major banks, we are able to see on the system how far your application has progressed and we are also able to find out the reasons for delays or why an application was declined by speaking to the right people.

Another important aspect of using a bond originator like Mortgage Plus is to help you pre-assess your finances to ascertain whether you are likely to qualify for a loan. We will also help you calculate the maximum amount you can apply for by taking into consideration your income status. They do this by calculating assets and liabilities, together with your monthly expenditure. Once all these factors have been considered, then an accurate assessment can be made on the amount of money you can apply for at a bank.

The thrill of buying a new home is not easily matched and many people lose their focus when it comes to financing the property. Additionally, if more than one person makes an offer on the home then you stand a great chance of losing out because you are not using an originator like Morne to speed up the process.

A Mortgage Plus bond originator will continue assisting you with all the legalities until you become the official new homeowner.

If you would like to know more about your home loan services and mortgage requirements please phone us on:

Attached please find the Home Loan Application Form * - Short Home Loan Application Form

011.327.4489 / 0861 1111 93

morne@mortgagepluscc.co.za

www.mortgagepluscc.co.za

Looking For The Best Mortgages in South Africa?

There are very few people who can afford to buy a home outright and this is why home loans are so important. If you are considering purchasing a property you will need to ensure that you understand what homes loans are and the steps you need to take to ensure that you get the best possible deal when applying for one of them.

The Size of your Home Loan

Before you start searching for homes in your area you will need to see what type of loan you are eligible for. Banks will usually approve you for a loan by taking 30% of your income into account in order to determine whether your salary is large enough to accommodate the repayments on the loan. The larger this income is, the more you will be eligible for. If you want to apply for a larger loan, you can always apply with your partner’s income for a joint loan.

Putting down a Deposit

When applying for home loans you will need to decide what type of loan you are going to apply for and whether you are going to put down a deposit. Banks in South Africa are now offering 100% loans which means there is no deposit required but you will probably be expected to pay a higher interest rate if you decide to choose this option.

What is a Loan Term?

A loan term is the period during which you will pay off the loan. The loan term will affect the interest you pay on your loan and it will determine the rate at which you will be expected to pay the loan off. The longer the loan term is, the lower your monthly premiums will be but you must remember that most banks will give you a maximum term of 30 years and even then you might need to apply for a life policy.

Choosing your Property

Once you have an idea concerning the amount you are eligible for you can then begin searching for your dream home. The location of this home should be carefully considered and you will need to take a few factors into account before you set your sights on a property, including the location of schools in the area, whether the property is close to your work and whether the location is safe and secure.

What do you need to apply for a Loan?

In order to apply for home loans you need to ensure that you meet all of the requirements as these can be quite strict. When applying for a loan you will need to be at least 21 years old, permanently employed for 6 months (or self employed for at least 2 years) and have a clean credit history. If you meet all of these criteria you will then need to be aware of the documents that will have to be submitted when you apply for the loan.

Bond Originator Lending a Helping Hand

Applying for a home loan can be a lengthy and difficult process but you can make this entire experience a simple and enjoyable one by contacting a bond originator that will help you through it. Bond originators will not only help you choose the right bond but they will also assist you in getting all of the correct paperwork in order to ensure that your application is submitted and approved without a delay.

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