How to Buy & Sell Property November 2016 | Page 2

2 How to Buy & Sell Property Why a bond originator is a good idea SO, you want to buy property. Which institution are you going to approach for a mortgage bond? (Are you only approaching one entity?) Do you know what individual institutions look for when considering granting a bond? (Yes, they differ.) Are you up to speed with the best financial product choices? (No, not all ways of 19 Oak Lane, Cleland, Pietermaritzburg Tel: [phone] 510 1712 Fax: [phone] Email: [email protected] Specialising in the construction of new homes and offices, renovations, plumbing, joinery, dry walls, suspended ceilings, shop fronts, tiling, painting & home improvements. Congratulations to Mortgage Choice on your 10th anniversary. “A preferred supplier to Netcare hospitals” financing property are created equal.) How’s your credit rating? Do you know how to improve it? Do you know how to get a bond that doesn’t require a deposit that will make your eyes water? And, if you do get the bond, are you sure you got the best interest rate? There are many complex questions around property finance, and the truth is most people are ill equipped to do it themselves. “Most people apply for a mortgage at only one place,” says Jessica Singh, founder of Pietermaritzburg-based bond origination company Mortgage Choice. “Usually it’s with the bank they already bank with, even if other, better options exist.” Mortgage Choice applies for bonds on be- MORTGAGE CHOICE HOME LOANS half of its clients, leveraging its expertise to get the best possible deal. With so many variables affecting what is the biggest financial commitment most people will ever enter into, choosing to go with a specialist like Mortgage Choice makes a lot of sense. “We have seen interest rates hike to 24% in 1998, and then drop to 8,5% in 2012,” Singh points out. “The introduction of the National Credit Act has also complicated the application process for credit.” Using Mortgage Choice offers a number of benefits over applying directly to a bank yourself. Mortgage Choice: • Fights for the best interest rate for its clients. • Helps tailor the loan to best fit your needs. Let us help you with your property investment We will apply with all banks We will process upfront credit checks on your behalf We will fight for the best interest rate for you We will get you the best possible deal Contact Jessica Singh at 033 897 9148 or email [email protected] • Completes a thorough pre-assessment for an applicant prior to submission to a credit analyst, in order to increase the chances of a 100% loan and a preferential interest rate. • Guides an applicant in raising supporting documents that will increase the chances of a favourable loan approval. • Markets the application to all major banks, for the best possible deal. Mortgage Choice is aware of options that the average person isn’t. • Makes use of all available opportunities, such as the government’s FLISP (Finance Linked Individual Subsidy Programme) for first-time home buyers. “The process of applying for a mortgage loan may seem like something you can do yourself,” says Singh. “However, it requires specific skills and product knowledge to structure the loan to fit your needs.” When it comes to getting a property loan, doing it yourself may not be the best idea. “Getting the right deal ensures that your property works for you, and that you in turn can enjoy the returns on your investment,” concludes Singh. NIRAK TRADING t/a CK No. 2006/022394/23 H ARDWARE SPECIALISTS 5 Coventry Place, Willowton, Pietermaritzburg • Tel: [phone] Congratulations Mortgage Choice on this significant milestone. Join us on Sundays for our Worship Service at 8 am STEEL, MERANTI AND ALUMINIUM WINDOW AND DOOR HARDWARE 40 Allandale Drive,Pietermaritzburg CONTACT Rakesh Roopchand Tel: [phone] • Cell: 083 672 4106 • Fax: [phone] Email: [email protected] Congratulations Mortgage Choice on a decade of successful business