20 Reasons Why Homebuyers Should Use A Mortgage Originator

1. Secure approvals: better chance of approval by submitting to multiple lenders (ABSA, Standard Bank, Nedbank, FNB and Ithala Bank);

 2. Get the system to work for you: take advantage of the fact that each bank has different credit criteria,deposit requirements, documentation requirements, interest rates and turn-around times;

 3. Expert positioning: prepare, motivate and package the application for the best chance of approval;

 4. Best interest rates: banks compete for every loan application ensuring you get the best deal;

 5. Simultaneous submission: direct interface to lenders systems allowing simultaneous submission of applications to multiple lenders;

 6. No cost: it’s a free service to the homebuyer;

 7. No obligation: no obligation to accept any loan sourced;

 8. Expertise: home finance experts have intimate knowledge of the various banks’ products, credit criteria, documentation requirements and interest rates;

 9. Problem escalation: dedicated senior personnel escalate any problem applications ensuring a better chance of approval;

 10. Hassle free: one generic application form for all lenders;

 11. Cost savings: advice on the best way to structure the loan to reduce the total cost;

 12. Convenient: originator completes the application form and does all the legwork;

 13. Faster approvals: dedicated personnel guide the application quickly through the bank’s approval process, actively chasing up progress;

 14. Independent advice: most appropriate home loan options from all lenders;

 15. Dedicated communication: one point of regular feedback on the application status for all lenders;

 16. Best service: professional and personalised service either face-to-face, telephonic or online;

 17. User-friendly website: offering useful information, affordability calculators and home loan tools;

 18. Prequalification: certainty on the ability to afford the property;

 19. Commitment: home finance experts are committed to securing your loan;

 20. Homebuyers all agree: over 70% of all new home loans are secured using mortgage originators.

Source - Ooba