Mortgage Plus offers specialised consultation, advice, and guidance in mortgage financing. We do all the hard work to ensure you get the best possible mortgage finance deal in South Africa.

No need to go directly to the banks, we do it all for you at no cost.

With Mortgage Plus you will get:

  * Better Choices

We analyse hundreds of different mortgage loan products from major banks or specialised lenders in South Africa. By comparison and thorough analysis we are able to provide you with better choices, ensuring you get the best possible mortgage bond finance in SA.

  * Unique Attention

We recognise that no two customers are the same, so we take the time to assess your individual needs and help you find the best mortgage bond that works for you.

  * Convenience

We take out the hassle and stress of finding a suitable mortgage bond loan that fits your individual needs. By making use of just one application form, we can apply to multiple lenders on your behalf. Let us do all the hard work for you.

  * Lowest Interest Rates

You will be pleasantly surprised at prime less interest rates we can negotiate on behalf of our clients. We are committed in finding our clients the best rates in the current mortgage bond market in SA.

  * Expert Advice

Our mortgage brokers are fully qualified professionals in South Africa. We provide expert advice and guidance to all our clients, as well as innovative solutions in property finance. We uphold a high standard of ethics, integrity, and professional conduct.

  * Fast Delivery Time

Our existing relationships with lenders, allows us to deliver quicker bond loan processing times.

  * Mortgage Finance (Product Variety)

Whether you are a first time property buyer, an investor, need refinancing or need debt consolidation, we can find the best mortgage loan to suit your needs.

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

First Time Home Buyer

First time buyer loans are rather straightfoward–they are for persons who are buying a home for the first time. Equity loans, on the other hand, are loans that are issued to borrowers who already own a home. The equity of the home is put up as collateral against the loan, meaning that if the buyer fails to meet expected payments, then he is at risk of losing his home.

Thus, first time buyer loans are different, since the borrower may not have collateral, such as a home to put on the burner, which is why the lender will consider the value of the home for purchase and use it in the equation to determine if the borrower is qualified for the loan. In other words, if the home purchased has equal equity to the mortgage loan, then the lender most likely will offer the loan.

If the equity on the home for purchase is below the loan amount, then the lender may require a
steeper upfront payment in addition to higher interest rates. The lender may also include guarantees in the contract, meaning that the buyer will agree to certain stipulations, including paying off penalties.

Thus, first time buyer loans are loans offered against potential equity. The house for purchase is the collateral against the loan. The lender will often repossess the home if the buyer fails to make payments.

Therefore, before agreeing to any contract involving large sums of cash, borrowers are
wise to read all details involved in the transition. Few other loans are available for first time buyers.

There is no obligation on your part. If you decide that it is not for you, you simply do not have to accept the offer. You have nothing to lose and everything to gain.

Guaranteed approval. However, this is subject to the following 6 requirements listed below.

1. Satisfactory Credit Record and clear payment profile2. Sufficient Equity In Property (if you are already a home owner)

3. Sufficient Provable Income Affordability

4. No Misrepresentation Of Information

5. Must meet NCA (National Credit Act) requirements. Thus you must be able to afford the loan.

6. Should be able to meet the lender’s deposit and legal cost requirements should you not qualify for cost included financing.

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