Few Facts About South Africa's Largest Non-bank Mortgage Lender [mortgagedealstips.blogspot.com]
(BBT) in Winston-Salem, North Carolina have boosted residential mortgage loans since the first quarter of 2010, according to bank filings. U.S. Bancorp, the ... Biggest U.S. Banks Curb Loans as Regional Firms Fill Gap
LeahCoss.ca "What is it that the banks are looking for when they're processing my application? When you ask me what my credit is or when you ask me what my income is, is that good or is that bad? What kind of bars and hoops do I have to jump through and over in order to get a mortgage from a bank at a good rate?" Well, there's five main criteria that banks look at when they're doing a mortgage. So I want to go through each of those five aspects, and let you know what it is that they're looking for. But, however, I will prelude this discussion with Each bank goes after different clients. Much like Lexus goes after different ones than Toyota, same with banks. Banks have boxes that you need to fit within, and that box is not going to fit everybody. And, for some people, they're squeezing in, which means they're not getting the best rates or the best products for their situation. Other people are getting great products an d great things for their situation. But it's one of the benefits of going through a broker, you're able to have someone look at all of the lenders and just say, "Which one has the right product and box that we can fit you into easily, give you a good rate, and the perfect product based on your situation?" So, with that being said, here are the five things. Income is always going to be a big one. The reason that the banks want to know what your income is they want to know can you pay the debt back. They want their money back at the end of the day. And so ...
mortgagedealstips.blogspot.com Mortgage Lenders/Banks - What Are They Looking for?
SA home loans was launched in South Africa in February 1999 and has grown up to become today's date specialist mortgage provider. They provide South African applicants with affordable rates and flexible mortgage options. It is famous for its affordable and competitive interest rates and fair service fee. When they started they offered interest rates at 19.6% which was pretty low as compared to the established banks at that time. They were the first mortgage provider to offer rates below 10% in over 22 years. They won the Daily News Readers' choice award for the best mortgage lender in year 2004 and 2005
Features:-
Flexible and low easy repayment options
Provides Home Owners Cover and Bond Protection Cover
Safe and secure banking service
Customer friendly client services helpdesk
They provide a wide range of option.
Variable
Super-Lo
Interest Only
Varifix
Quick Cash
Further Loan
Rapid Re-Advance
Further Re-Advance
They now have 22 branches countrywide and its head office is in Durban. They apply a non-banking approach by directly linking the customer to the money markets and passing the savings on to them. This is also called securitization, and is widely accepted means of funding.
With their Bond Protection Plan, you and your family are protected against possibility of repossession in case of any unanticipated circumstances like disability or death. You can cap your interest rate against rising interest rates. You can also borrow money against the increased value of your property i.e you can borrow against loan.You can easily get up to R75,000 cash within 72 hours. With their Varifix you can fix the interest rate on your home loan and choose the portion of your home loan to fix.
There are lot of innovative packages offered by them. It is worth a try as they are South Africa's largest non-bank mortgage lender. Recommend Few Facts About South Africa's Largest Non-bank Mortgage Lender Issues
bank mortgage lenders
