A bond originator is a person/company that applies for a bond (home loan) on your behalf. They give bond advice, do the paperwork, go to the various banks or financial institutions on your behalf and negotiate the best home loan terms for you.

Nothing. The bond originator facilitates the bond application process for free. The bank pays the originators commission for placing business with them. This commission comes out of the bank's own pocket and is not taken from your home loan in any way.

A Multinet consultant will use the information you supply online to contact you to complete a full application over the phone.

Multinet is bound by FICA and NAMO regulations and codes of conduct. We are bound to keep anything that you tell us, strictly confidential. Just like the banks, we have to keep all documentation filed securely for five years after your application.

In evaluating the information that you give our consultants, they will work out your credit profile, and they will understand all the facilities that you require from your home loan. Armed with their knowledge of all the packages on offer from all the banks, they will then submit your application for the package that meets your needs.

Our consultants will also make sure that all the information required is to hand for the banks, as they will reject an application outright if there is information missing. Rejected applications will affect your credit rating negatively, as will multiple applications, so trusting our skilled staff with this crucial process will protect you and make sure that you get the best package possible, based on your credit rating scores.

Generally, banks will not grant a home loan that will cost you more than 30% of your monthly household income. Now with the National Credit Act the banks also need to see that your disposable income is more than your new bond repayment. To get a rough idea, use one of the bond calculators above to see what your repayments would be.

At Multinet, we will make sure that the bank has all the information that they need to make a good decision. The banks will only turn down a loan application if your credit rating is not good enough, or if they don’t think that they property that you want to buy is worth what the seller is asking for it.

The interest rate that the banks grant you depends entirely on your information and credit status. Where Multinet differs is that our consultants are either experienced former bank home loan consultants or are property specialists, who are trained by the banks on an ongoing basis. Our consultants know exactly what the banks are looking for, and apart from making sure that you are in no way penalized as a result of not disclosing vital information, they will submit a carefully worded motivational letter with each application, to make sure that the banks understand your value as a customer.

Multinet is contracted to leading South African financial institutions, and is contractually entitled to act as agents for these banks. These being ABSA, Standard Bank, Nedbank, First National Bank.

Most banks have the same structures in place so it really depends on who you are dealing with and how good your relationship is with them.

No, it's always better to go to all the banks straight away as you never know which one will offer the best deal. Having an account with a particular bank does not mean you will get the best deal from them.

It affects this process in a big way. Most people don't realize how much information is available to the banks and all bad accounts are recorded and affect your scoring. If you score below a certain level you are immediately disqualified.

No, once a bond is submitted with one bond originator it is in the system and can not be duplicated unless it is rejected or declined.

Any amount that can be paid monthly over and above the installment will help decrease the loan period. The more you pay the quicker it will reduce. If you deposit R110 more than your monthly repayment on a bond of R100 000, you will shorten your term by 5 years.

Not really, a car is financed over a 5 year period and a bond over 20 years and cars depreciate unlike houses. So it is advisable to use bond finances more for increasing the value on your home.

No, this is your bond and your money hence you can use whoever you like or go straight to the bank if that's what you want to do.

At the moment anything between 1.5% and 2% below prime are good rates depending on your credibilty and the loan size.