The home loan / Bond Finance market in South Africa has, over the past few years, become very competitive. Not only are the number of mortgage providers in South Africa increasing, but competition among the four major bond providers has really started to heat up.
One reason for this is because bond originators have finally arrived in South Africa. Bond origination has existed for many years overseas and it’s partly because of bond originators that competing banks have been forced to offer better service and better mortgage products.
Through its unique relationship with banks a SA Mortgage Originator is able to apply to multiple banks and get your application approved faster.
Benefits of using a Bond Originator:
1. You don’t need to go through the application process with every bank. The originator will collect all the necessary documentation and setup your application to ensure the process is a smooth one.
2. You only need to complete one application, which will be submitted to different banks. After your approvals are received from the different banks its up to you to decide which bank your wish to go with.
3. Better rates: Because we have a strong relationship with all the major banks we are able to negotiate a lower rate on your bond – which will save you thousands over the term of the home loan.
4. Free Service: Probably the best feature of the bond origination industry is that the service offered is totally free. The bank pays the originator and these costs are not passed on to the client.
Mortgage Innovations is one of the top online mortgage originators in South Africa. They are also able to offer you some very nice bonuses and discounts, such as:
- Discounted bond fees
- Really Fast Approvals
- and best of all, this service is completely free of charge.
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.
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Call us on 086 111 1563