The pros to using a bond originator when looking at buying your dream home

It all begins with a show day (which then turns into many, no doubt) as you meander through the adventure of finding a new home. And once you know you’ve found the one, getting the finance for a bond or home loan becomes a whole new adventure. If it’s true that ‘all roads lead to Rome’ – think about how many different routes you could choose to get there. You could apply the same sense of adventure to how you’d go about buying a home.

Most people think that their own bank is their only option, and while the offer you get from them may present the result you were hoping for – that’s often sadly not the case. Sometimes you qualify for less than the amount you need, or at an interest rate that kills your budget. The good news is that this doesn’t necessarily mean your new home dreams are dashed.

Using a bond originator

Ideally, the best way to begin the adventure of buying a home is being pre-approved. A home loan pre-approval is a quick indication that tells you the property value you can comfortably afford. Furthermore, a pre-approved home loan also gives you negotiating power when it comes to putting in an offer, and presents you as a credible, serious buyer. Ergo, this is where a bond originator is like a secret weapon in your pocket.

What is a bond originator?

Many South Africans don’t know what bond origination services are, or how the benefits of using these services can put them at an advantage when in the process of getting finance for buying a home. In short, bond originator services are where they do the financial comparisons for you because – even though you have an existing bank account and relationship with one institution – you may find a much better offer from another bank.

It all comes down to convenience when getting a home loan application, where the services of a bond originator will mean you have one interview with one set of documents that results in the best offer across the multitude of banks that specialise in home loans.

The best part?

You can access bond origination services free of charge, with specialists that understand bank credit and processes inside out.

Buying a home is a big financial commitment – and one you’ll be a part of for many years to come. We take this seriously, and are confident in our offering to be your trusted partner on this journey.

If you would like to have a look at what you can afford, why not visit our pre-approval portal and we’ll see what you qualify for so that you know where you stand as far as the adventure goes in finding your new dream home.