FINANCE
FINANCE ADVICE
It is imperative and advisable that purchasers know what amount of property finance they would qualify for prior to embarking on the exciting journey of house hunting. The benefits of having this knowledge before making an offer on a property include:
It is also important to know that banks and lending institutions compete for your business. Therefore, tendering your requirements to a range of lenders, and not only your existing retail bank, will allow you to pick and choose which property finance package would suit you the most. The most effective way to go about this process of financing property would be to appoint a Bond (Mortgage) Originator.
One major advantage of going this route is that, rather than engaging a dozen institutions and dealing with huge amounts of complicated information, you are dealing with a single professional source whose primary concern is your satisfaction. The Bond Originator would approach the various lending institutions on your behalf and ensure that you get the best possible deal when financing property.
It’s one channel, it’s simple, it’s convenient, it’s not an administrative nightmare and it does not cost a purchaser anything. Century 21 South Africa has an association with Ooba which is the leading bond originating company, and they may be accessed through any one of our agents or offices nationally. Achieve the best results on your property finance hassle free with the Century 21 system and get the home you deserve.
- Being in a more prepared and thus more powerful position at the price negotiating stage with a seller. On average, South African lending institutions would allow, at the most, 30% of total household gross income towards a bond (mortgage) payment.
- Being able to focus only on the properties that are available within the price range that you, as a purchaser, qualify for. This will make your house hunting more relevant and more realistic - rather than heading on a disappointing wild goose chase.
It is also important to know that banks and lending institutions compete for your business. Therefore, tendering your requirements to a range of lenders, and not only your existing retail bank, will allow you to pick and choose which property finance package would suit you the most. The most effective way to go about this process of financing property would be to appoint a Bond (Mortgage) Originator.
One major advantage of going this route is that, rather than engaging a dozen institutions and dealing with huge amounts of complicated information, you are dealing with a single professional source whose primary concern is your satisfaction. The Bond Originator would approach the various lending institutions on your behalf and ensure that you get the best possible deal when financing property.
It’s one channel, it’s simple, it’s convenient, it’s not an administrative nightmare and it does not cost a purchaser anything. Century 21 South Africa has an association with Ooba which is the leading bond originating company, and they may be accessed through any one of our agents or offices nationally. Achieve the best results on your property finance hassle free with the Century 21 system and get the home you deserve.
