New Home Loans
The process in getting a new home loan registered or even just getting a better interest rate can be very difficult these days. With the NCA in place, the banks don’t think twice as to decline your application. That is why it is strongly recommended that you use a bond originator to handle your loan.
The bond origination business has become very popular in South Africa and they are also referred to as bond brokers. Research has shown that, 38% of all bonds are done through bond originators.
So you might ask yourself: “Why is it that the bond originators are so popular throughout the public?” The answer is really simple. While banks often have complicated requirements, it is essential to use someone with the knowledge in this industry to get your new loan registered to your name. The mortgage originator makes this seem like a walk in the park.
They will submit your application to all the major banks in South Africa. If they are any good at their job, they will follow up on your bond and make sure to get you the most suitable interest rate. They will also pressurise the banks and the best of all: Their service is free to the public as they get paid by the banks.
Choosing a bond originator can also be a difficult choice. If done wrong, you may end up only damaging your chances in getting your bond approved. When you decide to choose a bond originator, first make sure that they are, in fact qualified bond originators and that they are suitable for the job.
When you are a first home buyer, make sure that you have the freedom of choosing your own bond originator. Some Originators are prepared to give kickbacks to developers and estate agents. You will then be forced to use their originator; otherwise you can not get a bond. Beware of this, as this is conditional selling and it is illegal. You should be free to use your own mortgage originator!
SecureBonds are proud to say that we are in registered bond originators and we have a high success rate in getting our clients the rate that they deserve.
Testimonial
- Vino Pillay
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