Real Estate Investor Magazine South Africa May 2014 | Page 8

ASK THE EXPERTS

Q

Bond originators Jerome Afrika Asks:

I am currently in the market for purchasing my first home. I wanted to know whether employing a bond originator was going to add to the cost of the purchase and if so, what estimated amount am I looking at? Can I not
just go and apply for a home loan at my bank, would that not make things simpler?

A

Mike van Alphen, Rawson Properties Answers:

Over 60% of the home loan applications today are submitted to the banks
through a bond originator. The most common misconception is that the
service will cost the client extra. This, of course, is not the case. Bond originators are remunerated by the ba