What is the role of a bond originator? A Bond originator acts on behalf of the potential buyer by going to the various banks and negotiate for the best home loan package possible. This service is free of charge as the banks pay commission to the bond broker for business placed with them. What is the National Credit Act? The National Credit Act (NCA) essentially protects your rights as a consumer by regulating the granting of credit or loans. In other words, it makes responsible lending the responsibility of both the client and the credit provider. What bond do we qualify for? As a general rule, home loan repayments may not exceed 30% of (joint) gross monthly income. How wil I be able to track down my application status? Your property finance consultant will keep you informed and is always available at your convenience. How long does an approval usually take? Usually about 3 - 5 working days. Why do I need a mortgage originator? Because your home purchase is probably the most expensive one you’ll make in your life, the home loan itself is an important financial decision and the benefit to be gained from making a correct choice can amount to savings of hundreds of thousands of rands over the life of the loan.