MORTGAGE PLUS FURTHER LOANS

Further Loans through Mortgage Plus Home Loans

Mortgage Plus Home Loans specialise in Further Home Loans through Absa Further Home Loans, Nedbank Further Home Loans, Std Bank Further Home Loans and Fnb Further Home Loans.

You can use the value in your property to finance renovations, a new car or to pay off other debt. It is one of the cheapest forms of borrowing. Further loans or Advances against your current home loan may be used for:

  • Alterations or additions to your home or property
  • Finance for purchase of other assets e.g. Motor Vehicle
  • Paying for Family holidays and education fees
The banks have different requirements, but the general requirements are:
  • Minimum Loan amount of R100,000.00 (ABSA R50,000.00)
  • There must be sufficient value in your property
  • The Affordability calculations will be applied to the loan amount
Further Advance
A further advance against your existing property is one of the two ways to obtain further finance. This is when you register a further bond over the property in order to obtain additional funds. This is because the value of the property market and your specific property has possibly increased over time.

Readvance
A readvance from your existing home loan is the second way to obtain further finance. This is when you have repaid a part of your home loan and the funds are made available without having to register a further bond over the property.

Complete the online form below to apply for Further Bond Finance.

further loans, mortgage plus further loans

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