On average we can save clients
0.5% on their interest rate
This means a R240 180 saving on a
R3 million home over 20 years
Monthly saving of R1000 on installment
The CURRENT PRIME rate is 11.25%
Payneless Bonds is a bond origination company that is associated with Mortgage Max. We have many years of home loan and legal experience and customer service is our passion!
At No cost to You, we can assist with the following professional services:
- New Loan
- Further Loans on your Existing Property
- Building Loan
- Insurance Referral
- Commercial Finance Referral
We will:
- Represent you, the buyer
- Pre-Qualify you for a bond
- Once Pre-Qualified, submit on your behalf, to the Banks in South Africa to obtain a bond
We will assist clients in getting their documentation in order and work towards buying property.
Once all documentation is in place, we will source the best home loan suitable to your needs and requirements and negotiate the best possible interest rate. We will help you through the home buying process, giving you our best advice every step of the way.
On average we can save clients
0.5% on their interest rate
This means a R240 180 saving on a
R3 million home over 20 years
Monthly saving of R1000 on installment
The CURRENT PRIME rate is 11.25%
Payneless Bonds is a bond origination company that is associated with Mortgage Max. We have many years of home loan and legal experience and customer service is our passion!
At No cost to You, we can assist with the following professional services:
- New Loan
- Further Loans on your Existing Property
- Building Loan
- Insurance Referral
- Commercial Finance Referral
We will assist clients in getting their documentation in order and work towards buying property.
Once all documentation is in place, we will source the best home loan suitable to your needs and requirements and negotiate the best possible interest rate. We will help you through the home buying process, giving you our best advice every step of the way.
On average we can save clients
0.5% on their interest rate
This means a R240 180 saving
on a R3 million home over 20 years
Monthly saving of R1000 on installment
The CURRENT PRIME rate is 11.25%
Payneless Bonds is a bond origination company that is associated with Mortgage Max. We have many years of home loan and legal experience and customer service is our passion!
At No cost to You, we can assist with the following professional services:
- New Loan
- Further Loans on your Existing Property
- Building Loan
- Insurance Referral
- Commercial Finance Referral
We will assist clients in getting their documentation in order and work towards buying property.
Once all documentation is in place, we will source the best home loan suitable to your needs and requirements and negotiate the best possible interest rate. We will help you through the home buying process, giving you our best advice every step of the way.
ARE YOU SELF EMPLOYED?
ARE YOU SELF EMPLOYED?
ARE YOU A FIRST TIME HOME BUYER?
What benefits would a first-time buyer have, when applying for a home loan?
Although some of the banks, have special products available for first time buyers, it is not necessarily easier for first time buyers to secure a 100% bond than a client buying for a second or third time. The current situation is that the banks’ decision is strictly guided by the internal scoring models within the various banks and the client’s external credit bureau track record. The bank’s system will generate a risk rating for every application on submission and if the client’s risk rating is satisfactory to qualify for a 100% bond, the system will allow the application, to be approved for a 100% offering of the purchase price of the property. Your risk rating together with your affordability, will therefor determine the percentage offering you will receive.
Standard Bank can consider adding 4% of the purchase price, for the transfer and bond registration fees, in event of the purchase price and the costs combined not exceeding R1million and the client should never have owned property before and permitted that the risk rating allows costs to be included.
FNB can consider adding the attorney costs, as long as the property purchase price does not exceed R650 000.00 and the clients income does not exceed R25 000.00 gross for single applicants and R50 000.00 for joint applicants. Clients falling outside the above mentioned criteria, will need to pay the attorney fees from their own pocket.
Unfortunately the other banks don’t have a cost inclusive product and the client will need to pay the attorney fees out of their own pocket.
ARE YOU A FIRST TIME HOME BUYER?
What benefits would a first-time buyer have, when applying for a home loan?
Although some of the banks, have special products available for first time buyers, it is not necessily easier for first time buyers to secure a 100% bond than a client buying for a second or third time. The current situation is that the banks’ decision is strictly guided by the internal scoring models within the various banks and the client’s external credit bureau track record.
TECHNOLOGY AND THE MORTGAGE INDUSTRY
You may have missed the TV advertisements from digital mortgage brokers but it’s near impossible to miss the tens of millions of Rands spent by online estate agents. This exposure has created even more of a conversation around how much can be digitised and as the debate, and indeed customer experience, has panned out the received wisdom is that you simply can’t go through such a complicated and emotional process without human help.
TECHNOLOGY AND THE MORTGAGE INDUSTRY
I was truly impressed by the personal attention shown by Sanette and Douglas – they attended to every small detail with helpful advice ultimately making the tedious task of filling out forms etc. a simple procedure. Constant updates and friendly service have meant that I would not choose any other bond originators in the future and certainly will promote doing business with Payneless Bonds!
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087-151-4712info@paynelessbonds.co.za087-151-4712 info@paynelessbonds.co.za Reading time: 5 MinHow to keep your credit record in good standing during the COVID-19 Pandemic? The COVID-19 Lockdown has brought worry and concern not only for our health, but also for...
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Does Paying Extra on Your Bond Pay Off?
087-151-4712info@paynelessbonds.co.za087-151-4712 info@paynelessbonds.co.za Reading time: 2 Min Ever wondered if it pays off to pay more on your bond account? Read more to find out... Does Paying Extra on Your Bond Pay Off? Anyone that pays of a bond knows that the...
info@paynelessbonds.co.za
Phone
+(27) 87 151 4712
+(27) 11 662 2396
+(27) 83 707 1684
Address
1182 KATLAGTER STREET
FEATHERBROOKE ESTATE
1746 GAUTENG, SOUTH AFRICA