Once you have signed offer to purchase on your new home Better Compare is here to help you find the best interest rate and deal on your home loan. Our home loan comparison service will send your application to up to 8 banks. Your own bank may not offer you the best deal, so it pays to compare multiple quotes from more lenders!
Increase the speed of getting a home loan offer, since more banks will compete for your business. Simply complete our quick and simple home loan quote form to compare home loans.
Better Compare has partnered with one of South Africa’s largest home loan comparison services to help you find the best deal on home loans from all of the leading home loan lenders in South Africa. Together we can find you the best deal on your home loan and provide you with multiple quotes to compare.
Technology now makes it easier to get multiple quotes from the top banks. We’ll submit one application from you to multiple banks, including your own, saving you time and effort. These banks will then typically take 3 to 5 days to assess your home loan application. They will check things such as your employment, salary and credit history. Your application will then be approved, declined or the bank may require a little more information.
Once your home loan is approved in principle the bank will instruct an assessor to value the property. Once the bank is happy, a formal quotation will be provided to you. Our service will then help negotiate the best interest rates for you.
Once you have accepted the quotation, the bank will arrange for their bond attorney to register their bond over the security of your property. The final step is registering the bond which may take two months or so.
Interest rates are as low as they ever have been for a decade or more making it more affordable for young buyers to get into the housing market. There should be caution though as interest rates being at their recent lows are likely to go up in the coming year or so. This makes it as important as always to shop around and make sure you are getting the best deal on your mortgage rate to ensure you are saving in the long run.
Salary growth in recent years has outpaced house price growth further also making a house purchase more affordable for young buyers. Getting into the housing market at a younger age could mean for the buyer a more debt free lifestyle later on in life.
Better Compare can assist to pre-approve your home loan based on your affordability and to also get quotes from up to 8 Banks at once to help ensure you are getting the best home loan interest rate. Start your application today in a few easy steps and get one step closer to comparing home loans available for you.