How to determine if your bond originator is good or not? Can You Trust Your Bond Originator?

Sept. 20, 2010 - PRLog -- Can You Trust Your Bond Originator?


I’m writing this article today because I had an interesting experience the other day.  It’s happened many times before, but when it happened again I thought:  "I must write about this".

Somebody phoned me and asked me if we were able to apply to banks where she had already applied.

I replied that we couldn’t because then it would be a duplicate application, but I asked why?  

She explained that she had worked through the estate agent’s bond originator and that she was getting no feedback.

I got a grin on my face….

…Not because I’m the bestest best feedback giver in the world, but I realise that what customers want most is to know what’s going on.

She was in the dark.  She started to question whether this guy knew what he was doing.  He had only given her feedback from one of the banks and nothing was said about the others.

She started to distrust him, thinking that he was pushing this particular banks’ product on her because he was going to receive some special favour from them…

She felt regret that she hadn’t come across my website sooner and that she felt like she didn’t have any control over the situation.

Have you ever felt like this? ….well, you’re not alone.

So, how do you determine if your bond originator is good or not?

1 – Talk to them, ask questions, and glean if they are knowledgeable
2 – Look for referrals on their website
3 – Have they come recommended?
4 – Google their name – if there are many results they are active in the business
5 – Go with your gut….sometimes difficult, but right most of the time

The point is, all that you want at the end of the day is to know what’s going on.  If it’s declined:  “just tell me”   If they are still busy with the application:  “just tell me”

If you know where you stand you’ll feel more comfortable with your bond originator, knowing that they know what they’re doing and knowing that you’ll be assisted as best possible.

I hope these tips helped.  If you need assistance or advice on a home loan, do not hesitate to contact me or my team at http://www.mortgagepluscc.co.za

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Mortgage Plus Bond Originators specialises in Mortgages, Bonds, New Home Loans, Building Loans, Further Loans, Bond Switches and Debt Consolidation Home Loans, Personal Loans and Insurance in South Africa.
We will find the right deal for you.Guaranteed!