The benefits of using a bond originator
Category Property Advice
For many would-be homeowners, the most challenging part of the process of buying your home is securing finance. The simplest and most stress-free way to do this is by using a bond originator. The CSi Property Group lays out the benefits of doing your home loan application through a bond originator.
First things first: what is a bond originator?
In a nutshell, a bond originator is a company that acts as a middle man between you and the banks when you are applying for home loan finance. Instead of making your application directly to one of South Africa's banks, you apply to a bond originator and allow them to liaise with the banks on your behalf. Since being introduced in South Africa approximately 20 years ago, bond originators have helped thousands of South Africans become homeowners by cutting down the monthly cost of home loan finance.
One of the things that set bond originators apart from your banker is that they do not work for a specific bank. They will bring you as many options to compare as possible from every financial institution, rather than pressuring you to accept an offer from one specific bank.
How does using a bond originator save me time?
Your bond originator will help you compile the necessary paperwork and the great news is that - since you're applying through an intermediary - you only have to fill in one set of paperwork. If you were applying to each bank on your own behalf, you would need to fill in a separate set of paperwork for every bank that you wanted to apply to. Over and above this, a bond originator will take the time to find a deal that meets your needs and matches your financial circumstances.
5 quick reasons to use a bond originator
- Your bond originator will have established relationships with the various financial institutions. They will leverage these relationships to get you the best possible home loan deal. The fact that you have applied through a bond originator immediately tells every bank that they have competition for this deal. This in turn will motivate them to give you the best possible deal.
- The bond originator is paid a commission by the bank. You do not have to pay them anything for the service they provide you.
- Thanks to their broad experience in the home loans industry, your bond originator will be able to give you sound advice and help you make the right decisions on your journey to becoming a homeowner.
- Using a bond originator can cut down the time it takes to get an answer from the banks.
- If you have applied directly to a bank for home loan finance and been rejected, there is a chance that a bond originator may be able to save the day and get you a favourable answer.
Introducing End User Finance
End User Finance is a bond originator affiliated with the CSi Property Group. The team has well-established relationships with nine of South Africa's leading banks and has received the award for "Best Independent Bond Originator in South Africa" for 14 years. If you want to put in an offer on any of the wide range of properties that the CSi Property Group has on offer, End User Finance has your needs covered. Contact us for more information.
The first step to finding the right home loan deal is finding the right home. The CSi Property Group has an array of properties for sale in various areas of Gauteng, Limpopo and Mpumalanga. Browse our listings today and find your family's next home.
Author: CSi Property Group