Home loans for first time buyers

Like many South African, you are probably dreaming about owning your own home but your are intimidated by everything involved in the process. Well, the process is not painless, but it does not have to be a nightmare either. With just a little common sense you can find yourself owning the keys to your new home in no time. Here are some suggestions to prepare you for that adventure.

First, like in lots of areas of life, preparation will get you everywhere. You need to know everything you can about the process so that you can make informed choices each step of the way. Do your research. This is the information age and there is a glut of information online as well as in your local libraries that could fill your time for hours. While you don’t want to become mired in your search for home-buying information, you do want to hit the high points and ensure that you’ve covered all the bases.

Enlist the help of professionals. Real estate is not an area that most people are experts at. There are people who spend their days immersed in every aspect of real estate dealings and they can be a treasure trove of information and valuable advice. Obviously a real estate is beneficial in this regard, but also consider a bond credit agent who can advise you on the financial side of purchasing a home.

You should do everything you can to improve how you look financially. You want to paint a picture of being on solid ground when you have your interview with the loan officer. Let him see that you are a responsible person who saves where you can, and uses your money wisely. Impulsiveness will look bad, as well as the fact that you have little saved up. Everybody face financial hardships, but all too often we just spend our money rather than saving it. If you can show that you have the commitment to squirrel away some extra funds, you can get a leg up on your peers who spend all their money.

Pay down your bills. How are you going to meet a major financial obligation if you are weighed down by other obligations. Before seeking a home loan, you should try to pay down some of your existing debt. This does not mean that you have to be debt-free. But you don’t want to be in a situation where almost all of your money is going to monthly creditors.

Finally, don’t sweat it. Buying a home can be a lengthy process. Try to enjoy it without stressing too much. It will not be the end of the world if you don’t get accepted on your first few attempts at getting a loan. Rejections are just an everyday reality in real estate. Try to learn what credit officers are looking for and make a point to meet those expectations.

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

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