Understanding the Business of Bonds
Very few South Africans can afford to pay for a property without financial assistance from a lending institution, and applying for a bond, or mortgage, is as much a part of buying a property as searching for the perfect home. There's a plethora of mortgage products from a wide variety of financial institutions, all demanding a huge amount of documentation, making the mortgage application process an intimidating one. “We at Engel & Völkers have built relationships with all the major South African banks, private banking institutions as well as various international banks” informed Craig Hutchison, CEO of Engel & Völkers Southern Africa. “As an international real estate brand that markets the finest property worldwide, we understand the unique requirements of our clients, and that one product does not necessarily fit all. This service, insight and support is what sets Engel & Völkers South Africa apart as a real estate company of distinction”. With so many facets i...