Getting a home can be an exciting yet stressful journey,
when it comes to knowing if the bank will loan you the necessary funds. In a
time where interest rates are at a 25-year low, there’s never been a better
time to invest in property and it starts with finding out how much you can afford.
MortgageMarket’s new innovation for all customers, the
MortgageMarket Pre-approval tool, takes the guess work out of how much money
the bank will loan customers for their home. The tool will give customers an
accurate indication of the home loan amount they could qualify for in just 2
Getting a MortgageMarket Pre-approval is the first step for
all potential home buyers, when thinking about buying property. It gives them the ability to
shop with confidence, which is vital for clients, when they engage with estate
agents and residential developers to start the buying journey. Clients get a
real-time credit score and affordability check, which are both key factors that
make up the banks’ full credit assessments process. Importantly, this service
is offered free of charge and does not affect the client’s credit score rating,
in any way.
“MortgageMarket has partnered with Experian, a leading
credit bureau, to provide clients with access to their credit record. This is
the same credit data all banks use as part of their credit assessment process.
Therefore, customers can be confident that our Pre-approval tool we gives
them accurate results, that are aligned to the same information the banks will
review”, explained Tim Akinnusi, founder and CEO of MortgageMarket.co.za.
The MortgageMarket Pre-approval tool follows the
well-received launch of MortgageMarket’s core offering, of giving customers
access to five banks with one online application and paying customers up to R25,000 back, upon their home loan approval.
Whether you are browsing through the property pages or
driving around looking at show houses, all you need to do is pull out your cellphone
and answer a few quick questions. Two minutes later you’ll know if you can
afford the house. Once the results of the pre-approval are displayed, customers
can then sign up and save their results, on their MortgageMarket online
profile, until they are ready to make an offer to purchase.
“We are excited about the enormous value this tool will add
to the lives of all consumers, regardless of whether they are ready to buy
property or just curious to find out what a bank is likely to provide them”,
Apply online at www.mortgagemarket.co.za or contact MortgageMarket on 011 593 2282 for more information.