Home Loan | Bond Application
Let us help you apply for your dream home. We have access to various banks and therefor we’re able to provide you with several options. We communicate and negotiate with the banks on behalf of you to make sure you receive the best option suitable to your needs.
The process of applying for a bond can be intimidating at first, especially when you’re purchasing your first home. Below are some key points you need to consider when applying for a homeloan.
Affordability
The first step should really be to look at the affordability factor – Can I / we afford to pay our home loan every month? Take the time to really assess your current financial situation to see if you can afford a home loan on top of your current expenses. Also remember to pay any other accounts on time to ensure you keep a good credit record. You can get a free credit check online from TransUnion or My Credit Check.
The Home You Plan To Buy
We advise that you should already have a property in mind when you apply for a home loan, so the bank knows what you need. Look at properties for sale before you apply for a loan. When you have narrowed down your choices, always take the time to make an appointment for a viewing.
Starting The Application Process
When you have a clear indication of what you can afford and have verified that your credit record is in order, you can start your application. When applying for a home loan you will need documents such as your valid South African identity card or document, proof of your income, a list of your expenses, an offer to purchase (also known as a sales agreement), as well as your banking details.
Waiting For The Outcome
The loan approval process can take anything between two to 3 weeks, once all the required documents have been signed and submitted.
Legalities
Once you have the good news that the home loan has been approved, the transfer process of having the property registered in you name is the next step, and don’t forget about the transfer fees. This can be quite expensive, so remember that transfer fees are not always included in your home loan. Before you sign your application, find out if transfer fees will be included in your loan or not.
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What is the process of applying for a bond?
Get a Pre-qualification - Find Your Dream Home & Sign An Offer To Purchase -Apply For A Bond On That Home With The Help Of A Bond Consultant - Wait For Your Approval -Accept The Offer From The Bank Best Suitable To Your Needs.
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What types of loan applications do Bond Perfect assist with?
Home loans - Commercial loans - Building loans - Further loans
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Which banks are Bond Perfect approved to work with?
Absa - Standard Bank - Nedbank - FNB - Rand Merchant Bank ( RMB ) - Housing Investment Partners - Investec - Ithala - Sentinel Homes
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Will Bond Perfect negotiate a better interest rate for me?
Yes, once we receive your approvals on your bond, we always negotiate the best offer possible.