Bond Originators constitute a relatively new phenomenon in the South African Home Loans market. The Originators play a strategic role by interfacing between you, the borrower and Bank. Typically, they "shop around" on behalf of a person seeking a Home Loan and attempt to procure the best rates and terms most beneficial to the borrower. This is a free service as they receive a commission from the Bank as a consideration for introducing the loan to the Bank.
You may well qualify for a better interest rate than you are paying at present, as the "risk" factor of your loan may have improved as a consequence of the appreciation in value of your home and/or your income has increased since the time you were granted the loan.
HOW IT WORKS
As Bond Originators we will, at no charge to you, undertake to review your Home Loan with a view to improving your terms and rates, particularly if you wish to increase your loan. This service is free and would apply to new loans as well. The Originator deals with all the major Banks.
If you are interested in this service, please complete the below form.
A professional person from PA home loans will then contact you to follow up, on a strictly confidential basis. Should you qualify for a better rate or terms and wish to proceed, we will pursue this on your behalf.
Please note that, in this event, bond cancellation and re-registration costs will be incurred, but you will be advised of them before you proceed. These could be amortised over the period of the bond if you so wish.
To obtain the very best rates, two rules normally apply:
- Not more than 30% of income is utilised for bond repayment (this may be joint income)
- 80% of the value of the property is bonded. We do also arrange 100% bonds, but the 30% rule is fairly rigid.
COMPLETE THIS FORM FOR YOUR FREE ASSESSMENT
Confidential Questionnaire
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