Mortgage Africa is a Division of Mumbi Properties that assists with Property Finance Solutions – Step 4 of the Mumbi Investment System.
As a bond originator, we liaise with all the primary lending institutions to provide you with a centralized service, free and efficient to help in leverage of your portfolio.
After you have signed the Offer to Purchase (OTP), Bond Application is usually the next step. This requires that your correctly fill in the standard bond application form as well as bank specific documents.
In addition, it is now a mandatory requirement to fill in your own Income and Expenditure form and sign it. This is very important in the lending institution imposing the 30% RTI (Repayment to Income Ratio) as per the NCA (National Credit Act).
After we have received the bond application form, it will need to be accompanied by supporting documentation. These include:
- ID or Passport
- 6-month’s bank statement (For you as surety)
- 6 month’s bank statement (For your Trust, Company or cc)
- 6-month’s payslips
- Financials for your Trust or Company
Once all the documents are in, then we keep a close follow-up with the banks and liaise with you, should they need any more documentation.
- Communicating Grant or Decline conditions to you
- Exploring other financing options e.g. ISA (Installment of Sale Agreement)
Should you require us to contact, kindly enter your details below
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