Bond Originators and Mortgage Experts
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Our Mortgage Experts Specialises in First Time Home Buyer Loans, New Home Loans, Building Loans, Further Home Loans, Bond Switches and Mortgages throughout South Africa. Click Here to go to The Mortgage Plus Website.
We offer a wide range of advice on different home loan options - 0861 11 11 93*
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Professional Home Loan Advice
Buying a home is certainly not an everyday or even frequent event for most South Africans, and many aspirant homeowners are at a real loss when it comes to applying for and obtaining mortgage finance.
“In fact, even repeat buyers may struggle with this because the market has changed so much since many of them bought their current homes, and the ‘rules’ for obtaining a home loan are so different now.
“Consequently, it’s a really good idea to seek advice and help from an originator such as Mortgage Plus before you even begin house hunting, because we do so much more for potential buyers than just process home loan applications.”
Very importantly, a good originator is able to help the prospective borrower understand how much home finance he or she is likely to qualify for, by undertaking a proper affordability assessment. This includes carefully checking bank statements, salary slips and tax returns as well as the borrower’s credit history, cash available and ability to really afford monthly home loan repayments without hardship.
“And on the basis of this assessment, potential buyers can gauge very accurately what property price range to target when they do go house hunting, so that they don’t waste time looking at homes they cannot afford, and are spared the embarrassment of making an offer only to have their home loan application refused on affordability grounds.
“In some cases, Mortgage Plus are able to help prospective borrowers improve their chances of obtaining finance by suggesting that they first save up a deposit, or perhaps take the time to repair a damaged credit record.” Other important advice available from mortgage originators concerns the size of any deposit that is likely to be required – which not only varies from bank to bank but can also depend on the purchase price of the property – as well as the total cost of the potential purchase, including transfer costs and the interest on the home loan.
“For example, on a R 1 million purchase made with a 100% loan, the transfer costs including duty, bond registration and attorney fees would amount to some R 45 000, while the interest payable on the loan over 20 years would be some R 1,2 million.
“If the potential buyer were to pay a 10% deposit, the transfer costs would only be reduced by about R 1000, but the interest payable over 20 years would be R 1,05 million – a big saving. In addition, some banks might then be willing to grant the loan at a lower interest rate, which would mean even bigger savings.”
Meanwhile, loan consultants working for Mortgage Plus Bond Originators know exactly what information and paperwork is required by each bank when an application is submitted, and can ensure that each application has the very best chance of succeeding.
“Indeed, while only about 50% of applications are initially approved by lenders, Mortgage Plus is able to get a further 16% approved by giving potential borrowers the proper advice, and by individually motivating the applications and sometimes submitting them to more than one bank.
“They are thus able to show a 66% success rate, which is especially relevant for self-employed individuals, for whom it is particularly difficult to get a loan at the moment.
And of course our help is free to the borrower, and unbiased as to any particular financial institution.”
If you would like to speak to a Professional Mortgage Specialist about your lending requirements, please phone Mortgage Plus Bond Originators on:
Complete this short form online
011.327.4489 / 0861 1111 93
morne@mortgagepluscc.co.za
www.mortgagepluscc.co.za
Let Mortgage Plus Bond Originators start shopping around for a home loan or mortgage through the financial institutions like Absa Bank Home Loans, Nedbank Home Loans, Standard Bank Home Loans, First National Bank Home loans and SA Home Loans. At Mortgage Plus we will help you to get the best financing deal in South Africa.
We will help you to compare all the costs involved in obtaining a mortgage or a home loan.
Remember: Shopping, comparing, and negotiating will save you thousands of rands.
Home Loan Lenders “Banks” will quote you differently throughout, That’s where Mortgage Plus Bond Originators will come in s to make sure you’re getting the best home loan and mortgage deal “quotations” in South Africa Guaranteed.
Our Home Loan Experts will arrange the home loan transaction from A to Z without you lifting a finger and the best thing is that you don’t need to pay us Mortgage Plus gets commissions from the banks directly. We have existing contracts in place in order to access a wider selection of home loan products that you can choose.
Mortgage Plus will give you all the information about mortgages or home loans from several lenders and banks so phone your mortgage expert now on 0861 11 11 93. The mortgage expert will tell you how much you will qualify for and what deposit you will have to put down, plus your Mortgage Plus experts will inform you what the bond registration costs and additional bank costs will be.
These days knowing, just the amount of the monthly payment or the interest rate is just not enough.
Mortgage Plus Bond Originators specialise in South African Home Loan Products since 2006 and was Rated one of South Africa’s Top Bond Originator Companies In 2011
In short, we provide an opportunity to:
• Save money, over both the short and long term;
• Enlarge net worth values of individuals and;
• Create wealth.
Therefore, THIS is an opportunity not to discard or say “NO” to!
If you would like to speak to a Professional Mortgage Specialist about your lending requirements, please phone Mortgage Plus Bond Originators on:
Complete this short form online
011.327.4489 / 0861 1111 93
morne@mortgagepluscc.co.za
www.mortgagepluscc.co.za
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