Why do I need a mortgage originator?

Because your home purchase is probably, the most expensive one you will make in your life, the home loan itself is an important financial decision and the benefit to be gained from making a correct choice can amount to savings of hundreds of thousands of rands over the life of the loan.

Is choosing a home loan really that difficult?

All home loans differ from one another and each bank may evaluate your worth differently, so it is not as simple as shopping around for what appears to be the best rate in the market. Each bank has varying credit policies that cater for different claim circumstances. Mortgage Plus has knowledge of all banks’ products and will advise you on the type of loan that best suits you. They will negotiate with the banks on your behalf to get the best rate for that product.

I’ve heard that this service is free – how so?

Indeed, the service is free for the homebuyer. Mortgage Plus receives a fee from the bank for doing the groundwork on the loan and thereby reducing the bank’s costs. The bank is, by law, not allowed to add this cost to the amount of the loan, so you will not pay more than, if you approached the bank yourself.

Isn’t it easier to just get my home loan from my regular bank?

Your bank will encourage you to keep all your finances under one roof, so to speak – but at what cost? Because Mortgage Plus originates loans for all major banks, this offers you, the buyer choice and by being able to compare various products and rate offers, you get the best home loan deal in the end.

How do I know if I’m getting good advice?

The professionalism of the originator will quickly become evident, so make sure you are dealing with someone who can explain their recommendation clearly and are credible. Check their track record and only deal with an originator that is a member of the National Association of Mortgage Originators (NAMO).

Must I accept any of the packages they offer?

No – you have not entered into an agreement with the originator, other than to give them the information they need to get quotations from the banks. You still make the final decision whether or not to accept their offer.

Once I’ve accepted their recommendation, what happens?

Mortgage Plus will submit your applications together with the relevant documentation, such as copies of your ID and salary advice, to the bank agreed on and advise you once your loan has been approved. A good originator should also keep you informed all the way through to registration and liaise with the conveyancing attorney on the loan’s progress.

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

Mortgage Origination is a service to home buyers requiring finance for their home purchase. The service is free and you benefit from independent advice, fast approvals and competitive home loan deals from all of the major financial institutions.

18 reasons why homebuyers should use an originator:

1. Secure approvals: better chance of approval by submitting to multiple lenders (ABSA, Nedbank, FNB, Sanlam, Ithala Bank, Blue Financial Services and The National Housing Finance Corporation)

2. Get the system to work for you: take advantage of the fact that each bank has different credit criteria, deposit requirements, documentation requirements, interest rates and turn-around times

3. Expert positioning: prepare, motivate and package the application for the best chance of approval

4. Best interest rates: banks compete for every loan application ensuring the best deal for you

5. Simultaneous submission:  direct interface to lenders systems allowing simultaneous submission of applications to multiple lenders

6. No cost: it’s a free service to the homebuyer

7. No obligation: no obligation to accept any loan sourced

8. Expertise: home finance experts have intimate knowledge of the various banks’ products, credit criteria, documentation requirements and interest rates

9. Problem escalation: dedicated senior personnel escalate any problem applications ensuring a better chance of approval

10. Hassle free: one generic application form for all lenders

11. Cost savings: advice on the best way to structure the loan to reduce the total cost

12. Convenient: originator completes the application form and does all the legwork

13. Faster approvals: dedicated personnel guide the application quickly through the bank’s approval process, actively chasing up progress

14. Independent advice: most appropriate home loan options from all lenders

15. Dedicated communication: one point of regular feedback on the application status for all lenders

16. Best service: professional and personalised service either face-to-face, telephonic or online

17. Commitment: Mortgage Plus home finance experts are committed to securing your loan

18. Homebuyers all agree: over 70% of all new home loans are secured using mortgage originators 

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

CONTACT US

Speak to a home loan consultant about financing your new property or reviewing your existing mortgage. We are able to assist in lowering your bond repayments and securing attorney discounts.

Complete this short form online
Call us on 011.327.4489
Email: morne@mortgagepluscc.co.za

www.mortgagepluscc.co.za