Why do I need a mortgage originator?

Because your home purchase is probably, the most expensive one you will make in your life, the home loan itself is an important financial decision and the benefit to be gained from making a correct choice can amount to savings of hundreds of thousands of rands over the life of the loan.

Is choosing a home loan really that difficult?

All home loans differ from one another and each bank may evaluate your worth differently, so it is not as simple as shopping around for what appears to be the best rate in the market. Each bank has varying credit policies that cater for different claim circumstances. Mortgage Plus has knowledge of all banks’ products and will advise you on the type of loan that best suits you. They will negotiate with the banks on your behalf to get the best rate for that product.

I’ve heard that this service is free – how so?

Indeed, the service is free for the homebuyer. Mortgage Plus receives a fee from the bank for doing the groundwork on the loan and thereby reducing the bank’s costs. The bank is, by law, not allowed to add this cost to the amount of the loan, so you will not pay more than, if you approached the bank yourself.

Isn’t it easier to just get my home loan from my regular bank?

Your bank will encourage you to keep all your finances under one roof, so to speak – but at what cost? Because Mortgage Plus originates loans for all major banks, this offers you, the buyer choice and by being able to compare various products and rate offers, you get the best home loan deal in the end.

How do I know if I’m getting good advice?

The professionalism of the originator will quickly become evident, so make sure you are dealing with someone who can explain their recommendation clearly and are credible. Check their track record and only deal with an originator that is a member of the National Association of Mortgage Originators (NAMO).

Must I accept any of the packages they offer?

No – you have not entered into an agreement with the originator, other than to give them the information they need to get quotations from the banks. You still make the final decision whether or not to accept their offer.

Once I’ve accepted their recommendation, what happens?

Mortgage Plus will submit your applications together with the relevant documentation, such as copies of your ID and salary advice, to the bank agreed on and advise you once your loan has been approved. A good originator should also keep you informed all the way through to registration and liaise with the conveyancing attorney on the loan’s progress.

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

At Mortgage Plus we have developed our business model to meet the needs of all customers. We will provide you with an exceptional array of competitive home loan choices and service options from a variety of large, medium and smaller lenders. We understand that not all customers are the same and we don’t try and treat you as such. We will provide you with a greater choice in service options including:

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

The Mortgage Plus Home Loans website has a considerable amount of valuable information for all customers, whether you are a First Home Buyer, Buying Again for a second or subsequent home, Refinancing to find a better loan or raise additional funds for renovations etc or if you are an Investor looking to build your wealth through property.

Research

We publish news and views on the property market and have an extensive range of articles and how-to guides covering everything you need to know about buying a home and investing in property. We have a variety of resources for buyers and investors alike. http://mortgagepluscc.co.za/blog/

Calculate

How much can you borrow? How much stamp duty might you need to pay? How much interest can you save making extra repayments, and how can you plan your budget? You can use our tools and mortgage calculators to answer these questions and many more. http://www.mortgagepluscc.co.za/bond-repayment.php

At Mortgage Plus we’re here to help – welcome to your one-stop shop for home ownership.

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