When looking for a home loan in South Africa that will best suit your needs as an individual but have no idea where to start or how to go about this intricate task, then look no further.

MORTGAGE PLUS is here to help. As a specialist in home loans, MORTGAGE PLUS is more than able to give you the assistance you have been looking for regarding taking out a home loan that will not be heavy on your pocket but which will be something you can manage in the long run.

MORTGAGE PLUS offers the following services:

	First Time Buyer Home Loans		Bond Switches
	New Home Loans		Debt Consolidation Loans
	Second Bonds		Development Finance
	Further Home Loan / Re-advance		Commercial Loans
	Building Loans

Why not get in touch with us and allow yourself the opportunity to save big on a home loan and that will be most suited to your individual needs and pocket.

With MORTGAGE PLUS you will not be disappointed.

By choosing us for a loan, you will get professional advice to make sure you are getting the best deal possible.

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