Archive | May 2012

Securing a Home Loan

Once you’ve verified that you qualify for a home loan and have decided that you can afford the monthly repayments on your new home, the next step is to secure a home loan or bond. This is where BetterBond is at your service to ensure that you obtain the best interest rates possible, with no fuss, or cost to you.

There’s no running around for you to do as BetterBond does the work on your behalf applying to all the major banks for the best possible home loan or mortgage terms available. Fill out only one set of documents and we’ll set out the home loan choices that suit you best.

You can easily apply for a home loan online through BetterBond at http://bit.ly/IdSmrp

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Finding the Ideal Home

Once you’ve got an idea of how much you can afford, the next step is to consider where you want to buy your new home. Accessibility to work and schools are worth careful consideration, as are the location and quality of shops, doctors and schools.

Contact local estate agents and ask them to send you details of properties that meet your requirements, or you can search using the internet.

Visit http://bit.ly/IvcJ20 to contact any of BetterBond’s Real Estate Agent partners for more information about available homes in your area.

What Kind of Bond can you Afford?

There are a few things you have to know in order to make sure that the rest of the buying process runs as smoothly as possible.

Most importantly, you have to find out how much you can borrow. The loan amount is calculated based on your household income, monthly credit commitments such as loans and credit cards are also taken into account. The affordability calculator will give you an idea of bond amount that you may qualify for.

Stretching your finances to the limit could prove very costly in the future. What we suggest is that you find out how much your monthly bond repayment will be and whether you will be able to afford them.

Go to http://bit.ly/HwDj09 to use BetterBond’s mortgage calculators

Do you Qualify for a Home Loan?

Before buying a home, you need to know if you qualify for a home loan.

BetterBond can assist you in determining what you can potentially qualify for. Visit our website (www.betterbond.co.za) and use our free affordability calculator, or contact us on 0800 007 111 and a consultant will assist you.

There are also a number of local institutions that can provide you with a free Credit Rating Health report, which will give you a good indication as to whether you will qualify for a home loan or bond.

If you have a poor credit rating but already own another property, all is not necessarily lost. You can always utilize the services of a debt counselor to help you settle your debts or do a debt consolidation process and restore your creditworthiness, thereby helping you obtain the mortgage finance you require.

Get a free credit check from the following institutions:

Experian

Experian.co.za

0861 10 56 65

Transunion

transunion.co.za

0861 482 482

For more information on how debt counseling can help you get your credit record looking healthy again, visit Debt Counseling South Africa on debtcounsellingsa.co.za or call 021 919 6694.

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