Looking for a new home or home loan?

Mortgage Plus Bond Originators will negotiate with the banks on your behalf to get you the best home loan deal – not only a good rate, but a loan that’s structured to suit your financial situation and future needs. 100% free of charge!

At Mortgage Experts specialise in Mortgages, New Home Loans, First Time Home Buyer Loans, Building Loans, Further Loans, Bond Switches and Commercial Loans.

Furthermore, Mortgage Plus is also rated one of South Africa’s Top Bond Originators.

We know that purchasing a new home, or taking out a mortgage “home loan” on your existing home, is a rather costly activity and therefore all the available options need to be considered before an adequate final decision can be made concerning the home loan which is most ideal for you.

After operating in the home loan industry in South Africa for a number of years, Mortgage Plus has been able to build up the experience and thus the expertise necessary for giving the best assistance to those looking to take out a Home loan or Mortgage on a property in South Africa

We consequently become a specialist in the field of home 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.

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

The benefits of using our services:

• 100% Free service – Applicable to Absa Bank, Nedbank, First National Bank and Standard Bank SA
• 20% Discount on attorney fees
• We do the work for you
• High success rate in getting mortgage loans approved
• Save time and money
• Expert Advice
• 11 financial institutions to choose from

What steps are involved?

1. House hunting
2. Sign offer to purchase.
3. Seller accepts offer.
4. Contact MORTGAGE PLUS on 0861 1111 93
5. Financial Institution will confirm requirements.
6. Property Valuation done by bank.
7. Decision taken by bank.
8. Final approval. (Letter of Grant within 4 to 5 days)
9. Registration attorney instructed to attend to the registration.
10. Customer to sign documents at 2 sets of attorneys.
11. Home loan registered in buyers name at Deeds Office.

So, why go anywhere else for your home loan needs!

Sit back and relax while we do the work for you and get you the home loan at a rate that you deserve! Guaranteed!

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

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

011.327.4489 / 0861 1111 93

morne@mortgagepluscc.co.za

www.mortgagepluscc.co.za

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News

A surprising number of home loans are being approved at 100 percent of the property price, according to the latest statistics from mortgage originator – Mortgage Plus Bond Originators, but this does not necessarily reveal a slackening of credit qualification criteria on the part of lenders.

These figures show that although most home loan applicants are still required to have a deposit of between 10 percent and 40 percent, depending on the type of property they want to buy, almost one in every five (18 percent) of the loan applications processed by Mortgage Plus Bond Originators is now being approved for a 100 percent loan.

In addition to this, says Mortgage Plus Bond Originators, 13.5 percent of applicants are obtaining loans for up to 104 percent of the property’s value through the special first-time buyers’ packages being offered by some banks on affordable houses.

“This means that more people can get a foothold on the property market ladder at a time when interest rates and prices are low. In the case of first- time buyers, the loans sometimes even include transfer and bond registration costs that would otherwise have to be paid in cash.

“And we should not forget that many people who are buying through the banks’ assisted sales programmes for financially distressed homeowners are also able to access 100 percent bonds as well as a 50 percent reduction in transfer costs.”

However, he says, what is most significant about the increase in the number of 100 percent loans is that it indicates an increase in the number of potential borrowers with sound credit records.

“The banks are not reluctant to grant 100 percent bonds, but they do have to impose strict conditions and follow stringent guidelines in terms of the National Credit Act. The fact that more homebuyers are able to access 100 percent finance is a good indication that the financial position of households is steadily improving as people pay down their debts and get their finances under control.”

Mortgage Plus does caution, though, that there are seldom any rate concessions on 100 percent loans, whereas borrowers who are able to pay a deposit of 10 percent or more may well be able to negotiate lower interest rates, especially if they have good credit histories and apply through an originator.

“There are also other advantages to paying a deposit, including interest rate savings over the life of the loan and protection against interest rate increases and negative equity, so overall we do believe it is a better course of action for potential buyers to save for deposits before buying.”

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