Nedbank Home Loans

Nedbank home loans cater for a variety of individuals within South Africa and include four different types of home loan choices.

• Original home loan
• Buy to let home loan
• Building home loan
• Home vision home loan
• Original Nedbank home loan

Qualifying criteria includes individuals earning at least R2 500 in monthly household income and must have a clear credit record. Property value to a minimum of R100 000 needs to be obtained prior to applying to the loan.

Individuals may furthermore repay their loan to up to 30 years with interest rates being fixed or variable. Other flexible facilities with this home loan include options to apply for

a re-advance where individuals who have paid off some of their loan may apply for the same amount.
NedRevolve facility which allow individuals to withdraw the funds which they have paid in surplus on their home loan.
an accelerated payment option where individuals may pay more than then minimum installment in order to speed up repayment of their home loan.
With the ever changing markets home owners with this loan option may also apply for a higher loan amount if the value of the property has increased.

Buy to let home loan

This loan is given to individuals who want to invest in a property with the aim of renting it out to other individuals. Qualifying criteria includes individuals having to earn at least an income of R30 000.00 and should have a clear credit record. A property value with a minimum amount of R150 000 will only be considered.

Building home loan

Qualifying factors include that individuals earn at least R2 500 per month and have a clear credit record. Individuals can only apply for this loan when a property with a minimum value of R150 000 will be build. Builders must be able to proof that they are NHBRC approved.

Home vision home loan

When the value of your property increase home owners may apply for a home vision loan. The difference of the original loan and the new property value may be utilized for most purposes if approved.

Home owners are encouraged to apply for this loan instead of a second mortgage as costs levied are much lower. The minimum property value has to be R100 000 to apply for this loan.

Nedbank branches can be found all over the country but individuals may also logon to the Mortgage Plus website to apply online in the comfort of their own homes. The website is very informative and individuals may also make use of the home loan calculator to determine the value of the home loan they might qualify for, repayment terms and installment amount.

All clients will be subject to a credit check and affordability in terms of the NCA (National Credit Act), and all properties will be evaluated prior to approval.

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

ABSA Home Loan Products facilitated through Mortgage Plus.

Whether individuals want to buy or build a new home, make improvements on their current home or simply want to invest in another property, then ABSA home loans is the right decision for you.

ABSA will provide individuals with a variety of home loan financing solutions in order to suit the various needs of customers.  Included in this is the option to pay your home loan over a longer term of 30 years instead of the normal 20 years.

Individuals may also choose between fixed or variable interest rates where the former will ensure owners repay a fixed amount and the latter simply means that monthly instalments will increase or decrease with the inflation rate.

Other than the above, ABSA home loans also offer clients a Flexiserve or re-advance option on their ABSA home loan.  Flexiserve home loans simply means that any additional funds paid into the home loan will be made available immediately should the individual require additional funds.  A re-advance option is also available and simply means that individuals may borrow the difference between the original loan amount and which has already been paid off.

The Further Advance home loan solution allows individuals to borrow money to the value of the property.  This simply means that should the market value of the property increase beyond the loan amount originally paid for it, then individuals may borrow the difference up to the new market value of the property.

Another unique ABSA home loan financing solution includes the Multiplan option which that a home loan account can be structured into a primary and one or more secondary accounts.  The primary account is the original home loan granted to individuals whilst the secondary accounts can be utilized when applying for a new home loan, Re-Advance or Further Advance account.

The secondary accounts can have their own repayment terms, Statements, interest rates, and FlexiServe facility.

To find out what percentages the bank will offer please contact Morne Prinsloo on 011.327.4489

Insurance in the form of a home loan protection life insurance policy forms part of the ABSA home loan solutions, and will ensure that your bond amount is settled in the unforeseen event of death, disability or dread disease.

Home loan comprehensive cover is available to insure to property against any structural damages while the One-call home solution will ensure better prices and a more pleasurable experience should the home owner move

An ABSA home buyer’s guide can advise individuals on everything they need to know about buying or selling properties.  It consists of six topics namely calculate, locate, make an offer, application, register and moving in.

Individuals can use the Mortgage Plus home loan calculator to determine what loan amount they could qualify for, what the monthly repayment amount will be and how different cost, fees and deposits could influence your instalment and repayment term.

To apply for your Absa bank home loan Click Here

Mortgage Plus offers a wide range of advice on different bond options and further advice on the above. Please call us for further information on:

Complete this short form online

Call us on 011.327.4489

Email: morne@mortgagepluscc.co.za

www.mortgagepluscc.co.za