MORTGAGE PLUS BOND ORIGINATORS
Loan in Sandton

We know that purchasing a new home, or taking out a new home loan is a rather costly activity and therefore all the available options need to be considered before an adequate final decision can be made concerning the home loan which is most ideal for you. After operating in the home loan industry in South Africa for a number of years, Mortgage Plus has been able to build up the experience and thus the expertise necessary for giving the best assistance to those looking to take out a new home loan on a property. We consequently become a specialist in the field of home loans with more and more people in South Africa coming to us for our expertly reliable home loan assistance services. A big decision and a large financial commitment, so you want to do it right, getting the best advice and the best finance you’re likely to get. Before you begin house hunting we can get you pre-qualified, so you’ll know what you can afford and where to look. With our pre-qualification, you’ll not only have confidence in making an offer on your dream home, but the seller will also have confidence in accepting your offer. Our home loan specialists are at your service from your first call to us until the moment you step into your dream home. We can even help you further, protecting your dream come true with Home Owner’s Cover or Buildings insurance. Simply search Hello Peter to see how many great reviews we’ve received already. Our commitment to making a difference in South Africa through making dreams come true doesn’t start and stop with our customers. As a business, we’re so passionate about upliftment that it informs the way we do business. With every transaction we set aside a portion for the greater good. So in a way, your successful approval doesn’t just make a big difference in your life but it will have a huge impact on the lives of others as well. There is now much greater pressure on the SA Reserve Bank to increase interest rates, with the longest period of decline in the rand in history bringing the question of fixing interest rates on home loans into sharp focus. When a purchaser applies for a home loan, they should always shop around, preferably through an experienced bond originator, to secure the best deal possible. The best time to fix interest rates on a home loan is when interest rates are low, but, human nature being what it is, most borrowers only think about fixing the rate when interest rates are rising, he said. The banks have to take a view on future interest rates. So, in a market where interest rates are expected to rise, the banks will only offer to fix the rate after taking into account their expectations of future interest rates and will not fix at the current interest rate. The fixed interest rate home loan will, therefore, at some stage during the period of the loan, be higher than a variable rate mortgage. Once the fixed rate contract expires, the home loan automatically reverts to the prevailing variable rate unless the homeowner has applied for a new fixed rate loan. Although a variable rate on a mortgage bond means that the buyer has to be flexible with their monthly budget, it is generally considered to be a better choice than a fixed rate option. If possible, make sure that the monthly repayments on the bond are above the minimum required. It is advisable for buyers to keep in touch with their bank manager and a watchful eye on the interest rate being charged. Once a good credit record is established, a reduction in the interest rate being charged could possibly be negotiated.