Thursday, 20 June 2013

What is it that bond originators do and why not go the D.I.Y route?

What is it that bond originators do and why not go the D.I.Y route?

such a great question and you will always get your pros and cons depending on whom you are speaking to.

We do know that bond originators often shop around and are kind of impervious to which bank you are looking at but finding someone that is great is not always easy.  So do you get references?  I would.

Bond originators assist you by negotiating with all the major lenders on your behalf, thus taking the fear out of applying for a bond and even work with SA Homeloans, BMW finance and Investec not just Standard, ABSA, FNB and Nedbank.

The service of a bond originator is free to you, the applicant – this is because bond originators get paid by the banks.

This means less leg-work for you and a lot less admin for you, the client.

Even where the home-buyer has a really good, strong relationship with their own bank, bond originators allow for room to shop around for the best deals and to look around at all the other banks simultaneously, getting you the best deal there is.

Every now and again some banks seem to get into a tiff with the originating groups and then for a while no longer allow bond originators to act on their behalf, therefore it is advisable to first ask the originator who they represent and the good ones will make a plan regardless.

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