Better Bond

Are you dreaming of owning your own home but have no idea how to make it happen?  

Better Bond is the homebuyer’s trusted partner in property financing that’s in the business of designing a better life for all South Africans by facilitating homeownership.

It’s the country’s leading home loan provider and is renowned for its cutting-edge financial products and solutions that unlock the dreams of ordinary South Africans.

Founded in 2004, the company is one of the leading providers of mortgage solutions in South Africa and has helped many first-time home buyers access affordable home loans.

A network you can trust

By utilising the latest technology, they offer you a hassle-free home-buying experience. By submitting a single application, you’ll be able to choose the best loan options from multiple quotes.

BetterBond takes immense pride in its knowledgeable workforce and operates in partnership with an extensive network of realtors and property professionals, as well as leading banks in South Africa. You can therefore expect the latest home-loan products, the leading offers, and excellent customer service.

A bond for life

BetterBond has already enabled more than 700 clients countrywide to get their title deeds through its Khay Lam initiative, established in 2013.

Homeownership has now become a reality for more than 20 million South Africans, who previously had no hope of ever owning their own home.

People who’ve lived in these homes for many years as tenants, now enjoy the benefits of ownership. It has opened the door to homeownership for millions of South Africans who, previously, didn’t have the security that comes with owning their own house.

Every bond contributes to changing the lives of the previously disadvantaged.

Countrywide expertise

BetterBond’s network of over 20 branches across the country, coupled with its vast knowledge of the property market, now makes it possible for first-time buyers to open their front door to a bright new future.

Each client’s assured of expert guidance and continuous support throughout the purchase process.

Pre-approval takes the sting out of buying a home BetterBond’s pre-approval service saves you a lot of time and effort and streamlines the buying process for you. You only have to take the following steps to get approved:

1. Look for a home to suit your budget. Pre-approval enables you to search for a suitable property in your price bracket, as it provides you with the amount you qualify for.
2. You now have to design an offer that’ll catch the eye of the seller. It’s vital to show the seller that you’re very serious about the purchase.
3. It’s crucial to properly and comprehensively assess all the costs involved in the deal. Make sure your budget is accurate, as that’ll give you a clear indication of what you can afford.
4. Your credit record is vital. Get a credit check done to get your score and establish if you need any assistance in improving it.

By getting pre-approved, estate agents will see that you’re invested in the process and enjoy the backing of finance institutions. This makes you a more attractive prospect to sellers too. And the best part is that the BetterBond pre-approval service is completely free.

Mathematics made easy

BetterBond offers a number of online calculators to use when deciding on the perfect home to buy. These include:

• Affordability calculator: Gives you an estimated loan amount for your budget.
• Bond and transfer calculator: Indicates your bond and transfer costs.
• Additional payment calculator: It adds the additional payments on your bond to indicate how much you would be able to save in time and money.
• Deposit and savings calculator: This gives an estimate of the time it’ll take to save for your deposit.
• Amortisation calculator: Indicates the percentages directed toward capital and toward interest.

A calculated plan of action

The online bond repayment calculator combines the property purchase price with the latest interest rate to calculate your loan amount and repayments on an average term of 20 years. You’ll know exactly how much you need to borrow to finance your property.

Health is wealth

The healthier your finances, the lower your interest rate will be. A lower interest rate will:

• Enable considerable savings
• Create lower monthly loan repayments
• Decrease the total loan amount if you add additional funds to your repayment