Bond Originator in South Africa
Bond originators in South Africa or mortgage brokes acts as an intermediary who sources home finance on behalf of individuals or businesses. Traditionally, banks and other lenders have distributed their own home loan products.
In competitive home finance markets many banks or lenders use an array of rate offers and other incentives to attract clients. To many consumers, due to their infrequent purchases of home finance products, the house bond market may appear confusing and somewhat daunting.
A Bond originator can guide home buyers through the process of selecting suitable home finance and offer mortgage and property related financial advice. For borrowers with poor credit records, or other unusual circumstances, finding a lender may be difficult.
Bond originators, having specialised knowledge and multiple lending sources, will normally be a valuable resource in obtaining financing. Bond originators receive a fee from the banks and not their clients. The sheer volume of business provided by bond originators to the banks, gives the originator negotiating power to muscle low rates for their clients. Usually the bond loan process is much quicker when using bond originators..