Bond Originators Launch New Website To Help Home Loan Applicants In South Africa
Submitted by: PR Marketer
Panorama, South Africa (OPENPRESS) September 8, 2011 - It is no secret that in the past, applying for a home loan means going through the process of applying for bonds or mortgages with every single bank individually. Applicants will have to be at the banks' offices during regular hours, which often takes extra days and hours of a day's work.
Bond originators, or mortgage brokers to Americans, are firms hired by home loan applicants to streamline the process. On their client's behalf, bond originators approach and negotiate with banks and other lenders. Generally speaking, they are expected to have signed contracts with all of the bigger banks, as well as many of the smaller independent banks, and with lenders that they have worked with in the past. Through this, clients can compare rates and terms, and pick the one that offer the ideal home loan financing arrangement.
BondOriginators.com is a newly introduced web portal for individuals and investors looking for assistance in home loans. The website offers representation of its clients who are applying for home loans to the four major banks in South Africa.
As a mortgage broker, BondOriginators.com provides services to customers by handling all paperwork and negotiation with the banks in the country. Through bond originators, customers get faster approvals, a better success rate and lower interest rates. They can also assist customers with other aspects of buying a home like insurance. Importantly, bond originators office their service to the customer completely free of charge.
Essentially, BondOriginators.com does all of the negotiating with all of the lenders in order to get the best interest rates possible. Bottom line, the bond originators can usually get between 0.5% and 2.5% lower than the current bond rate. According to estimates, the origination industry will save their clients around 5% per year in rate concessions.
Individuals who are investing in real estate or purchasing a home in South Africa can turn to www.bondoriginators.com and expect not only to save on home loan rates but also get better terms.