List Of Bond Originators In South Africa

A bond originator acts as an intermediary between the home loan applicant and the banks, assisting the applicant in compiling one set of paperwork, then submitting it to all the major banks on their behalf.

Find below are the list of Bond Originators In South Africa

Better Bond

BetterBond Rustenburg

ooba Centurion

Homeloans SA

ooba

ooba Home Loans

SA Home Loans – Polokwane

How does a bond originator get paid?

A bond originator (also known as a home loan comparison service) submits a home loan application to multiple banks on behalf of their clients, and charges no fee for this service. That’s because financial compensation already comes in the form of a fee paid by the banks

Is it better to use a bond originator?

“The ‘best deal’ is one of the most important reasons to consider using a bond originator as an interest rate difference can make a significant difference over the long term. Bond originators are paid a once-off fee by banks for brokering deals with clients. There are also no hidden costs.

How long do bond originators take?

Normally, you will receive confirmation within 48 to 72 hours, but due to ever changing bank criteria around home loans in today’s market, it does sometimes take longer. However, should this process take longer they will track the application and keep you informed.

Who pays mortgage originator?

Is the origination fee part of closing costs? Yes, loan origination fees are one component of your mortgage closing costs. These fees are charged by the lender for preparing your mortgage loan. Home buyers typically pay about 0.5% of the amount they are borrowing in origination fees

Is a mortgage loan originator the same as a loan officer?

In simplest terms, a mortgage loan originator (aka mortgage loan officer, loan officer, LO, etc.) is typically an individual who works with a borrower to complete a mortgage transaction. The mortgage loan originator/officer is usually the borrower’s main point of contact throughout the entire home loan process.