Bond Application - Mortgage Works
CLICK HERE TO APPLY FOR A BOND
PLEASE FAX COMPLETED APPLICATION FORM TO 0866394826. FOR TELEPHONE ENQUIRIES CALL 083 538 0009
 Welcome to Mortgage Works
Mortgage Works is a bond origination company that serves the property industry through service excellence. Our staff of highly trained and experienced consultants are ready to advise you and submit your homeloan application to the bank that will give you the best posible deal and interest rate.
 Apply for a Home Loan
Mortgage Works offers our clients the ability to apply for their home loans online. Complete our on-line full application and shorten the administration process considerably. Ensure a speedy and quarenteed responce from one of our consultants by completing the 1 minute application. Ensure our active participation in your home loan application by completing your details now!
Are you paying to Much?
Mortgage works can help you to refinance your house by re-applying for a new home loan. This may seem like a lot of trouble but when considering 1% off your interest rate could save you as much R500 pm on a small home loan. This adds up to R 120 000 over your repayment term.
Financing your Buildings Improvements
Mortgage works can assist you in applying for a new building loan or to help you increase your current loan to help pay the building costs from financed money
Variable Rate Loan
With a variable rate loan, your interest rate is linked to the base home loan rate which moves up and down depending on market conditions. If the base rate decreases by one percent, so will your interest rate, and of course if the base rate increases so does your home loan rate.
 Fixed Rate Loan
Here your interest rate is fixed for a specified period, generally between one and two years. Generally the fixed interest rate will be slightly higher than the base home loan rate when the loan is taken out. A fixed rate loan protects you from rising interest rates and gives you the certainty of knowing exactly what your payments will be. However it does not allow you to benefit from any decreases in the interest rate over the fixed period.
Capped Rate Loan
This type of loan allows you to benefit from any decrease in interest rates, but has a maximum rate built in so you never pay more than the capped rate. These loans are not always available from banks and generally the qualifying criteria are stricter.
Refinancing your home
Because you already own your own home, even if you still have a large bond to pay off, you have the best form of collateral to negotiate a further loan with a bank. This is because your property is likely to be worth more now than when you bought it.
Using your home loan to finance renovations, a new car or to pay off other debt is the cheapest form of borrowing.
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Are you planning any home renovations this year?
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Have you considered buying an investment property?
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Do you owe money on your car or credit card?
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Do you wish to 'top up' your home loan?
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Are you looking to pay off your home loan sooner?
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Do you have a fixed rate home loan that will expire soon?
If you answer 'Yes' to any of these questions, speak to a Mortgage Works consultant to give your home loan a health check, and you will see the benefits of refinancing your loan.
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