MORTGAGE BONDS from Mortgage Plus     (011)327-4489

There are so many types of mortgage bonds which are currently available that it can be an often confusing and intimidating task when wanting to take out a mortgage bond which will be most ideal for you. This is where Mortgage Plus can help. With their in-depth knowledge in the mortgage bonds available and what each option entails, this mortgage bond originator is able to guide the prospective of a mortgage bond to eventually decide upon the best option which will match their needs and requirements.

These numerous types of mortgage bonds which are available from the major banks in South Africa such as ABSA, Nedbank, FNB, and Standard Bank, include a few of the options as listed below:

First time buyers Home Loan: This is a special mortgage bond option in that it is ideal for those who have never owned a property or taken out a home loan. With this mortgage bond, the banks will lend you more than 100% of the property value, enabling you to include the transfer and registration costs into the mortgage bond; and hereby making it easier for you to enter into the property market. No deposit is required with this option.
(for the right purchaser) 

A Variable Home Loan: Given at the negotiated interest rate, this mortgage bond option is the traditional home loan optional. Home Loan rates are always negotiable, and are generally affected by the amount of the loan taken out. The smaller the loan, the less chance you have of getting below the prime lending rate. With this type of home loan, if the interest rates increases by 1 percent, your home loan rate will increase accordingly. If the interest rate drops, so will your home loan rate.

Fixed Home Loan Rate: With this type of home loan, your interest rate is fixed for a period of time; for one or two years on average. When considering this mortgage bond option do keep in mind that the interest will be slightly higher than the current loan rate. The beneficial advantage of this option is that it offers you protection from rising interest rates, so for that period of time you know what your bond repayments are. The only downside is that if the interest rates drop, your home loan rate will stay unchanged, resulting in you having to fork out more money at the end of the day.

Capped Home Loan Rate: With this type of Home Loan, you will never pay more than the capped rate, as your interest rate is capped at a maximum rate of interest for a period of time. And if the interest rates increase, you will never pay more than the capped rate you have negotiated. The outstanding pleasure which comes along with picking this option is that you will reap the benefits in the case that rates decrease.

Please do take note that this type of mortgage bond is not so readily available, and there is certain criteria required before your designated bank will approve your application.

For more information on these mortgage bonds and other options, speak to one of Mortgage Plus Mortgage Bond Originators and they will give you details and advise to set you on your way to taking out a mortgage bond you can ultimately afford and will enjoy in the long run.

Quick Mortgage Bond Application Online

Mortgage Plus has a facility online which allows prospective clients of mortgage bonds to apply quickly. Essentially this innovative service of Mortgage Plus has been well-accepted as it saves time and takes away the frustration which would usually come along with making an application for a mortgage bond.

This is a free service, making another reason for the popularity of applying for a mortgage bond online.

So what are waiting for? Mortgage Plus is willing and able to help you get the best mortgage bond you can at the lowest possible rates.

With Mortgage Plus there are no surprises.

Get in contact with Mortgage Plus today and experience the joy of having a mortgage bond expert on your side.

Mortgage Plus : knows the business of mortgage bonds.

CONTACT US

Speak to a home loan consultant about financing your new property or reviewing your existing mortgage. We are able to assist in lowering your bond repayments and securing attorney discounts.

Complete this short form online
Call us on 011.327.4489
Email: morne@mortgagepluscc.co.za

www.mortgagepluscc.co.za

FNB Home Loans
Mortgage Plus can help you in to get the best fnb bond for your needs. You do not have to lft a finger as we will organize with fnb for the home loan option that will suit you the best.

Apply for a FNB Home Loan Today!

FNB offers a variety of options:
Traditional Home Loan
Take out this loan when buying an existing residential property.

Building Bond
You can apply for a building bond if you are intending to build a home. Once the building is completed, your bond will revert to a normal home loan.

Smart Bond
The Smart Bond is a housing finance product for households that earn less than R15 000 and more than R2 500 per month. If you are planning to build your own home, the Smart Bond Building Loan will take care of your building needs.

Foreign Choice
This allows a foreigner or a South African who has emigrated to purchase a property in South Africa.

One Account
The One Account is an innovative product, secured by your home, that fulfills all the functions of a cheque account, overdraft, personal loan and home loan.
Choose the right facility for you

When applying for a facility on your home loan product, an affordability assessment will be done to find out exactly how much additional finance you can access.

Flexi Bond
You get access to surplus home loan funds 24 hours a day, 7 days a week if you have a transactional account with FNB. Alternatively, access to funds is available during business hours. Surplus funds include any prepayments, as well as a percentage of capital you have already repaid on your home loan up to a pre-determined limit.

Future Use
This enables you to register a bond greater than the home loan amount you require, creating an extra amount that may be accessed at a later stage.

Pre-Paid Finance
Withdraw any additional money that you have paid into your home loan account.

Repayment Choice
Increase your monthly instalment and save on interest. This also allows for you to pay off your home in a shorter period of time.

Re-Advance
This gives you access to the funds that make up the difference between your original registered home loan and the outstanding balance.

Further Bond
Obtain funds by registering an additional amount over and above your original registered bond amount.

Interest Rate Options
Fixed Rate
For the duration of your contract period (12, 18 or 24 months), the interest rate on your home loan remains fixed and is unaffected by any rise or fall of general interest rates.

Variable Rate
This is the standard interest rate option. The interest rate varies in line with current interest rate movements.

BA Linked Rate
The interest rate is directly linked to the publicly quoted three-month SAFEX BA rate (Bankers Acceptance Rate) and offers a highly competitive means of financing your home loan.

Home Loan Insurance
Home Owner’s Cover
This insures your house and any structural improvements to the property. This cover is compulsory with any home loan.

Home Loan Protection Plan
This plan provides peace of mind in the unforeseen events of death, temporary and permanent disability and retrenchment.

CONTACT US
For more assistance with regards to Applying for Home Loan Finance .
Email: morne@mortgagepluscc.co.za
Ph: 011.327.4489
or Complete This Online Form