SA Home Loans

Just imagine how frustrating it was when you had to wait for so long. Things have changed now. Now within little time, you are served. Today the whole scenario has changed; the whole process of applying home loan has become much easier for people to avail loan. In fact, even sitting comfortably at your home, you can avail the home loan.

Now there are people, like bond originators that keep you update about the interest rates, terms and condition, hidden loan costs and so on. They also tell you the various options that financial institutions can offer. For filling up the application form, they are available to provide their services. For instance, while applying in South Africa, you must know how to fill the application form more accurately. Here mortgage originator assists you by assuring that your application form is sent to the right place and details you with the property you are purchasing and also tells the latest position of your application whether it has been taken into action.

While applying in South Africa, a variety of documentation is required. You will need to attach a copy of the front page of the certain documents, such as if you are married, then marriage certificate, identity document, or if you are divorced, then a copy of your divorce. Applicants who are not South African citizens have to furnish the proof that they are eligible to purchase property in South Africa.

In case, you want a SA home loan registered in the name of Family Trust or Close Corporation, you need to furnish and add some additional documents required for the loan. You have to include a copy of certain documents such as letter of authority. If some other surety is required by the bank, in that case, a bank's conveyancer will draw a surety document and ask you to sign it with your bond documents. And, if you work for a company or the Government Department from which the bank demands security, you will have to arrange by yourself.

After the approval of the necessary bond documents, you need to register the necessary bond documents. You will sign a Power of Attorney along with the bond document. You will also attach your debit order to ensure your monthly repayments. Also, you will be made to sign standard loan mortgage agreement, and have to agree on the terms and conditions of the home loan as well other important documents.

You can avail home loan by sitting at home; you just need to contact the concerned person who will carry out all the formalities and will make the process easier for you and you can avail loan at your doorstep.

Why do I have to make use of a bond originator?
We help you to save time, frustration, pressurise the banks and help you to get the best interest rates and deal.

Can I apply over 30 years?
Yes you certainly can, it will give you breathing space, but you can still pay your bond off in 10 - 20 years time.

Can I apply directly at the bank or through other institutions?
No, the banks only accept one application and will decline the others as a duplicate of an application

How long does it take for the property to be registered?

The registration will usually take up to four weeks depending on the transferring attorney. If it is a further advance home loan on a property you already own then it should take about two weeks.

When will my first home loan installment be deducted?
Your bond originator or bank will guide you through the whole process. But the first home loan installment will usually be deducted on the first day of the following month when registration took place.