Mortgage Origination is a service to homebuyers requiring finance for their new home purchase. The service is free and you benefit from independent advice, fast approvals, and competitive home loan and commercial loan transactions from all of the major financial institutions throughout South Africa.

17 reasons why homebuyers should use Mortgage Plus Bond Originators:

1. Secure approvals: better chance of approval by submitting to multiple lenders (Absa Bank, First National Bank, Nedbank, Standard Bank, SA Home Loans, Mercantile Bank, Bank of Athens, Rand Merchant Bank, BoE Private Bank, Investec Private Bank and  BMW Home Loans)

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 depending on specific lender.

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

8. Expertise: Our home loan 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 home loan 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 home loan 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: our home loan finance experts are committed to securing your home loan

For further information contact Morne Prinsloo on 011 327 4489 or email morne@mortgagepluscc.co.za

If you would like to know more about your home loan services and mortgage requirements please phone the Mortgage Plus Head Office on:

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

0861.11.11.93

info@mortgagepluscc.co.za

www.mortgagepluscc.co.za

Strong indications show that, after a three-year lull, the Battle of the Banks for home loan market share is about to heat up again – to the benefit of homebuyers and the property market in general…

“This month’s decision by major lender Absa to once again start accepting applications for 100% loans from mortgage originators (Mortgage Plus) is, we believe, just the first salvo in the renewed battle”

“The move will no doubt prompt counter-measures from the other banks anxious to retain and gain top quality clients, and shrewd consumers will be the real winners.”

There will no doubt be many people, he says, who believe this scenario is wishful thinking on his part, “but even now, most lenders are already offering bonds of up to 100% to their own existing clients in good standing – and bonds of 90% on average to new clients – despite their stated determination just a few months ago to insist that every potential borrower pay a sizeable deposit.

“What is more, I am not suggesting that the banks will immediately relax their lending criteria. Bond applicants will still need to have excellent credit records, low debt loads and good employment prospects in order to be approved – just now perhaps they won’t need to have such a large sum of cash on hand to pay a deposit and cover transfer costs.”

Prinsloo says that in due course – and if inflation tails down later this year as expected – the banks will probably also become more negotiable once again on interest rates.

“Meanwhile, bond applicants can at the very least expect higher levels of service and faster response times, as banks increasingly relearn that home loan borrowers are very often the most loyal consumers of their other, very profitable, banking products and services – and not just a high-risk nuisance as they have often been viewed in recent years.”

From an industry point of view, he says, the results of this shift in attitude will be an increase in the number of loans granted, and a decrease in the number of “repeat” sales for estate agents. “Indeed, originators are already reporting an increase in volumes of loans being approved over the past few weeks, and that will inexorably lead to surplus stock being absorbed and home prices starting to show real increases. In short, it will open the way to the proper recovery of the market over the next two to three years.”

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