Comments on: Why use a Bond Originator?

By: Thabiso

Thabiso — Thu, 10 Mar 2011 13:54:44 +0000

Hi BOSA

I just read that one can negotiate with the bank to give them a bond at a prime minus rate. As a first time buyer having a very good credit record (car, etc) is it possible to negotiate for such a rate?

By: Andisa

Andisa — Thu, 24 Feb 2011 12:57:50 +0000

I am a first time buyer and in the home loan application forms I am asked for a ‘loan amount required’ as well as for the ‘amount to be registered’. What is a ‘regsitration amount’?

By: Leah

Leah — Fri, 26 Nov 2010 14:57:05 +0000

Hi there, hope u will be able to assist my partner and i we have signed a offer to purchase, but my problem is that they need is to pay them a deposit upfront and we were told that there is no a bank that gives 100% loan for a house.is that realy true or these people just want to crook us. please advise

By: Gino S

Gino S — Sat, 28 Nov 2009 10:01:02 +0000

Hi Teajea. If you like, we can take a closer look at your application and see if we can get a better deal for you. Please complete our short application form online.

By: Teajea

Teajea — Fri, 27 Nov 2009 14:59:42 +0000

We applied for a homeloan and meet all the credit act requirements. We are approved for only 90% of our loan we submitted why not better? We are first time buyers. And have no other debt.

By: Bond Originator South Africa

Bond Originator South Africa — Fri, 30 Oct 2009 07:07:00 +0000

@Nazarine, You are able to apply for a bond as a trustee of a trust. When calculating your affordability, the banks will consider your income from the trust. They may request the financials and detailed management accounts for the trust, before granting the mortgage.

By: Nazarine

Nazarine — Wed, 28 Oct 2009 13:07:50 +0000

Could you please advise me on the following…

Can one apply for a bond on a members statement, even though it is registered on the trust’s name?

By: ROSHILLA

ROSHILLA — Mon, 12 Oct 2009 12:37:01 +0000

PLEASE ADVISE AS TO HOW THE BOND INITIATION FEE IS CALCULATED. I HAVE JUST BEEN QUOTED R5700.00 ON A NEW BOND OF R342000.00. I ALREADY HAVE AN EXSISTING BOND WITH THE SAME BANK WHICH IS NEARLY PAID UP. MY CURRECT INTEREST RATE IS 9.25% ON MY EXISTING BOND AND 10.10% ON MY NEW BOND…..PLEASE ADVISE DESPERATE!!!

By: Bond Originator South Africa

Bond Originator South Africa — Fri, 12 Jun 2009 11:49:41 +0000

Hi Chetan,
We usually begin the process of securing homeloans for our clients by requesting an Interest Rate Quotation from the various banks.
After your application is submitted and we have received favourable responses, we are able to negotiate the rates between the participating lenders.

By: CHETAN

CHETAN — Fri, 12 Jun 2009 07:56:28 +0000

I am a first time buyer and would like to know what’s the best interest rate that i would qualify for and how do i go about and fight for a lower interest rate