I've recently begun the process to purchase my first home for R600K, with a 25% deposit. So the amount I'm looking for from the banks is R450K.
I went through a bond originator (recommended by the estate agent), who came back with the following: ABSA declined, Standard Bank offered prime +5.25%...
I write this today to try possibly understand, or expose, the bond originator process we have in SA.
There is no naming and shaming here, I am merely a ?? :wtf::confused: ?? person where it comes to bond originators after this experience.
I got an offer to purchase, started the process...