18 reasons why homebuyers should use a mortgage originator

In this market, it is critical that you use the services of an originator who knows how to position your bond for optimal success. Wizard has a wealth of experience and industry knowledge to enable us to find the right home for you.

So with this been said :) here it comes...

1. Secure approvals: better chance of approval by submitting to multiple lenders (ABSA, Nedbank, FNB, Sanlam, Ithala Bank, Blue Financial Services and The National Housing Finance Corporation)
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. 7 years 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. Commitment: home finance experts are committed to securing your loan
18. Homebuyers all agree: over 70% of all new home loans are secured using mortgage originators

New Website - Wizard Midrand Home Loans

Well... I figured since everyone here is an avid fan of the Wizard Home Loans and SA property sites :) that I'd give you the readers the first chance to comment, bitch, moan, groan and praise on the new look and feel of our website.

Currently i've got a BETA version of the site up and running and would really really love some critisicm and feedback from all of you.

Let me know what you think.
http://digitalbone.co.za/wizard-test/index.html

Thanks in advance, if anyone really cares ;-)

Labour Relations Act - Changing SA Business Forver

The new labour relations act is coming in 2010.

After reading this article on the Standard Bank Espresso Magazine newsletter, I was almost excited to see that South African business practice and business in general is set to change forever.

It's time to sift out the rubbish in South Africa, and let real businesses start moving forward. There will be no more getting away with selling bad products to the South African consumers. No more fraudulent insurance policies and bond originators charging exorbitant fee's. This is a major step forward.

For any small / medium or large business owner, you'll want to read this article.

It's official: The way that business is done in South Africa will fundamentally change from October 2010 when the Consumer Protection Act kicks in. For business owners, it is the most far-reaching law since the Labour Relations Act.

http://www.standardbank.co.za/site/business_banking/espresso/Clickthroughsissue8/MainNews_01_pg1.html

Interest rates remain unchanged

News Flash: Michael Jackson passed away last night! A sad time in the history of music! A man light years ahead of his time, and the most influencial pop musician of ALL time. His music will sorely be missed by all, but a legacy will always remain!

Tito Mboweni's decision yesterday to keep rates unchanged has shocked some, but with inflation levels staying at around the 8% mark, it's no wonder.

After dropping the interest rate more than 5 times this year already, and inflationary levels not dropping at quite the speed the reserve bank were hoping, Tito's decision remains a solid one.

There's loads of speculation out there with talks about rates going back up and people needing to fix rates now, but with GLOBAL economies sitting at the levels they're currently sitting at, it's not possible. If anything I believe we'll see a another drop in the next month or two and then we'll stabilize!

Cleaning up your credit record

When working in the Home Loan business and seeing how people fall into debt you enter into a world were people are drowning and we are constantly in a field that needs advise. Don't wait until its too late to sort out a potential debt problem. Do a credit check. Clean up your credit record. Its not something to be ashamed of, but it is something that should be managed sooner, rather than later, when the pressures have reached insurmountable proportions.

By negotiating lower interest rates and waived late fees, you can often arrange more affordable payments and shorter payoff periods. You can also consolidate your debts into one convenient monthly deposit that will disburse directly to your creditors.

Once you acknowledge your debt and get your payment plan into place, its amazing how quickly your stress levels drop. Your creditors are more likely to be understanding and accept that they will be paid, and the pressure on you is reduced to manageable proportions.

Labeling the cause of your debt overcomes the hurdle of denial and sets the course clear to financial rehabilitation.

Few things in life cause more tension than a debt crisis. Do not tackle this alone. Ask those closest to you to help see you through this difficult time.

Can you deal with bad debt?

If you need a debt counselor use a reputable organisation and check what it is going to cost before you sign up, and in many instances your bank can help you.