Professional Lending Specialists “Bond Originators” vs. Bank?

Many potential home owner clients ask us why they would consider using us as opposed to going directly to the Bank themselves.

This is a fair question if you ask me, so this Fact sheet will hope fully clarify this for you.

Years ago everyone went to a bank, no questions asked, there really was not an alternative. The problem was that if one bank could not help you, you would have to visit bank after bank until you found one that could. Even then, how could you really know whether you were getting the best deal in the market?

Then along came Bond Originators “Mortgage Plus”. This was fantastic, as it also bought about significant competition into the heavily, big bank dominated market. This ultimately resulted in far more competitive pricing for all clients.

A  Bond Originator like Mortgage Plus is essentially a professional lending specialist who looks through all of the different lenders possible products and finds two to three home loans that are not only the most competitive available from all the major home loan lenders in South Africa, but also ensures that all the home loan features and benefits that you require are included in the selection.

Ultimately, you make the decision, however you know that the decision is based on your own parameters, and represents the most suitable and competitive mortgage loans available from a large pool of lenders.

Myth: The most significant myth that exists is the fear that you are paying more to use a Professional Lending Specialist like Mortgage Plus than you would by going to the bank directly. That simply is not true! The Lending Specialist earns their commission from the bank, not from you the client.

Making it Easy!

Remember when you had your own bank manager that you could call to help you when you needed some extra funds on top of your home loan to put that pool in, or to buy that investment property? Relationships were paramount, and you returned to that person time and again as they looked after you. Now it is very rare to have that kind of relationship from a bank.

A Professional Lending Specialist like Morne Prinsloo – 079 047 5172 can build that relationship with you and manage several lending relationships between several banks. For some investors for instance, they do not want all of their eggs in one basket, and having the same contact point for all of their home loan facilities is a very convenient way of managing their home loan portfolios.

We help you complete all of the necessary paper work, take the stress out of the home loan application by managing the bond application through credit and as we know the lending policies of each lender, ensure that the home loan is submitted with everything required to make it a smooth process.

So why choose a Professional Lending Specialist over a bank?

• We specialise in Home Loans – That is all we do!
• Significant experience in the position
• You the client are the boss, not the bank
• You can build a long term relationship with the same home loan specialist
• We have access to all of the mortgage options from most lenders in throughout South Africa
• Flexible, we can work in with you to make it happen.
• We own our own business, so we need to make sure you have a great home loan / mortgage experience.

Remember, we are professionals with many years experience in the home finance industry, and our business is all about giving you total satisfaction. We understand how banks think, and therefore take the stress out of dealing with them directly. We become your personal bank manager with the lender to ensure that your experience is a great one.

We are also here for you when you need to ask a question. Anytime!

If you would like to speak to a Professional Mortgage Specialist about your lending requirements, please phone Mortgage Plus Bond Originators on:

Complete this short form online

011.327.4489 / 0861 1111 93

morne@mortgagepluscc.co.za

www.mortgagepluscc.co.za

Pre-Approved mortgages and home loans

It is highly recommended that you get your mortgage loan pre-approved before you start looking for a new home. You will have a better chance of securing a new home mortgage if you are pre-approved, you want to have as many positive advantages as possible when shopping for a new home.

There are a few different types of mortgage loans for types of buyers, those who are not pre-qualified or pre-approved, those who are pre-qualified, and those who are pre-approved. In understanding the appeal of each type of buyer, you need to put yourself in the seller’s shoes. The buyer is a complete stranger who is asking that you remove your home from the market and trust that they can afford to buy it. As the seller, which type of buyer would you prefer:

Not pre-approved
These buyers provide no evidence that they can afford to purchase your property.

Pre-qualified
Pre-qualified buyers have met with a mortgage specialist and discussed their finances; income, expenses, assets and liabilities. The mortgage specialist has given the buyer a letter stating, based on financial conversation, what the buyer can afford.

Pre-approved
Pre-approved buyers have submitted a complete loan application and provided a mortgage specialist with written evidence of income, expenses, assets, liabilities and credit. All information has been verified by a lender. The mortgage specialist has provided this buyer with a pre-approval certificate stating that the buyer has been pre-approved for the loan to purchase the home. As a potential buyer, a pre-approval certificate will help you stand out to the seller, making your offer a more solid one, and giving you the competitive edge.

Never be satisfied with a verbal agreement, make sure you get all agreements in writing!

For example the seller may verbally agree to include the refrigerator in the sale, but it is not contained on the written purchase and sales agreement – you should not sign this until it is included. Only agreements that are written in a contract are enforceable – avoid oral agreements at all costs.

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