As a specialist mortgage lender, SA Home Loans has a core focus on helping clients pay for their homes. The entity also provides personalised solutions for each individual. SA Home Loans is also proud of its mandate of providing a fresh approach to financing your home. The criteria at SA Home Loans differ from normal commercial banks. At SA Home Loans, you are assisted even if you had credit problems before. Because of the risk involved, clients may be charged a higher interest rate as a result.
SA Home Loans ensures that prospective home owners are provided with valuable guidance and services. Variable loans with competitive interest rates and flexible payment terms are offered. The institution has been granting bonds to South Africans since 1999.
SA Home Loans assists clients by giving them tools for simplifying the home purchase procedure.
- House Hunting
- Make an offer
First time home buyers are given a step-by step guide to getting a new home. This guide includes measures such as a quick affordability assessment. An application process that suits individual needs can be chosen, which also has a section for provision of documentation.
From there onwards, the applicant can sign their ‘Approval in Principle,’ which precedes a property valuation. This process takes place within approximately 3 working days. SA Home Loans will then prepare a Home Loan proposal called an LOA (Letter of Acceptance.)
SA Home Loans’ panel of attorneys will prepare the necessary bond registration details. After you sign the required documentation, your bond registration is the next step. The final step is the registration of your bond at the Deeds Office, which takes approximately 12 weeks.
SA Home Loans provides details about documentation required here: http://www.sahomeloans.com/UsefulInformation/GettingStarted/RequiredDocumentation.aspx#1
What makes SA Home Loans unique is its dedication towards offering the best service for prospective home owners. The institution has originated well over 100 000 residential loans in under a decade. The entity has also grown to become the country’s fifth largest home loans provider.
Contact: 0860 2 4 6 8 10.