Pre-Approval Bond

How Do You Get Bond Pre-Approval?

Step One

Once the bond originator receives your documents, they will then set a pre-approved mortgage bond amount in accordance with the provisions of the National Credit Act. The bond originator will then issue you a pre-qualification certificate/letter. You can then give this letter to your real estate agent as proof of PreApproval for your home purchase.

Step Two

Please be aware that your pre-approval/pre-qualification certificate is valid for only 90 days. Once your bond pre-approval certificate expires, a consultant wil contact you to check if your financial situation has changed. If your financial situation has changed (during the 90 days) we can then re-issue you a new bond pre-approval certificate in accordance with your new financial situation.

What happens after bond pre-approval?

The bond originator receives quotations from all major banks on your home loan application. Once the best choice is chosen, the bank will be notified. The bank will then proceed with the bond and instruct the appointed attorney to register your home loan.

Apply For A Pre-Approval Bond