International Online shopping has grown consistently over the past few months and the online home loans market is no exception. More and more property buyers are realizing the convenience of applying for home loans online.
One reason for the increase in Online Home loan applications is that the whole process is a lot faster and a lot simpler.
Applicants simply submit their details via a website and the application process is initiated immediately.
Home Loan websites are now much more secure, and e-commerce has always been more convenient. Instead of traffic delays and crowed offices you can log on and apply for your home loan in a matter of seconds.
Mortgage SA reports a 25% increase in online home loan applications this year. Surprisingly many of there application are from expats living in the UK and U.S.
In a recent interview Saul Geffen, MD of Mortgage SA, said: “Internationally, people have become very comfortable with buying things online through greater website security and the greater convenience of keystrokes over traffic jams and crowded shops. And with the many excellent property websites showcasing SA property, increasing numbers of expats are comfortable buying property this way …”