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MORTGAGE BONDS
There are so many types of mortgage bonds which are currently
available that it can be an often confusing and intimidating
task when wanting to take out a mortgage bond which will be
most ideal for you. This is where CKM Home Loans can help. With their in-depth knowledge in the mortgage
bonds available and what each option entails, this mortgage
bond originator is able to guide the prospective of a mortgage
bond to eventually decide upon the best option which will
match their needs and requirements.
These numerous types of mortgage bonds which are available
from the major banks in South Africa such as ABSA, Nedbank,
FNB, and Standard Bank, include a few of the options as listed
below:
- First time buyers Home Loan: This is
a special mortgage bond option in that it is ideal for those
who have never owned a property or taken out a home loan.
With this mortgage bond, the banks will lend you more than
100% of the property value, enabling you to include the
transfer and registration costs into the mortgage bond;
and hereby making it easier for you to enter into the property
market. No deposit is required with this option.
- A Variable Home Loan: Given at the negotiated
interest rate, this mortgage bond option is the traditional
home loan optional. Home Loan rates are always negotiable,
and are generally affected by the amount of the loan taken
out. The smaller the loan, the less chance you have of getting
below the prime lending rate. With this type of home loan,
if the interest rates increases by 1 percent, your home
loan rate will increase accordingly. If the interest rate
drops, so will your home loan rate.
- Fixed Home Loan Rate: With this type
of home loan, your interest rate is fixed for a period of
time; for one or two years on average. When considering
this mortgage bond option do keep in mind that the interest
will be slightly higher than the current loan rate. The
beneficial advantage of this option is that it offers you
protection from rising interest rates, so for that period
of time you know what your bond repayments are. The only
downside is that if the interest rates drop, your home loan
rate will stay unchanged, resulting in you having to fork
out more money at the end of the day
- Capped Home Loan Rate: With this type
of Home Loan, you will never pay more than the capped rate,
as your interest rate is capped at a maximum rate of interest
for a period of time. And if the interest rates increase,
you will never pay more than the capped rate you have negotiated.
The outstanding pleasure which comes along with picking
this option is that you will reap the benefits in the case
that rates decrease. Please do take note that this type
of mortgage bond is not so readily available, and there
is certain criteria required before your designated bank
will approve your application.
For more information on these mortgage bonds and other options,
speak to one of CKM Home Loans Mortgage Bond Originators and they will give you details
and advise to set you on your way to taking out a mortgage
bond you can ultimately afford and will enjoy in the long
run.
Quick Mortgage Bond Application Online
CKM Home Loans has a facility online which allows prospective clients
of mortgage bonds to apply quickly. Essentially this innovative
service of CKM Home Loans has been well-accepted as it saves time and takes away
the frustration which would usually come along with making
an application for a mortgage bond. This is a free service,
making another reason for the popularity of applying for a
mortgage bond online.
To fill in an online application form Click Here
and one of
CKM Home Loans consultants will contact you, to guide you through the
whole process.
So what are waiting for? CKM Home Loans is willing and able to help you get the best mortgage bond you can at the lowest possible rates. With CKM Home Loans there are no surprises. Get in contact with CKM Home Loans today and experience the joy of having a mortgage bond expert on your side.
CKM Home Loans : knows the business of mortgage bonds.
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