f.a.q.
Here are some of our most frequently asked questions:
Pre-approval gives you a clear idea of what you can afford, which helps you focus only on homes within your budget. It also protects you from taking on a home you can’t realistically maintain financially. Sellers and agents take you far more seriously when you have a verified pre-approval.
Sectional title options include apartments, flats, duplexes, townhouses and duet units.
Freehold properties include stand-alone homes, cluster homes, smallholdings and residential homes used for small businesses.
With sectional title, you own the inside of your unit while common areas like gardens and passages are jointly maintained. With freehold, you own everything on your stand including the land, the home and any outbuildings.
No. Trustbond’s pre-approval check does not typically leave a mark on your credit profile.
Banks review your credit history, income, monthly expenses and whether you have a deposit. These factors help determine affordability and risk.
Nothing at all. It is completely free.
Your income and expenses determine what the banks are likely to approve. A verified pre-approval from Trustbond gives you an accurate affordability range and boosts your chances of approval.
Yes. Paying extra into your bond reduces the total interest you pay and shortens the loan term.
Upfront costs may include the bank initiation fee, transfer cost, transfer duty, deeds office levy and other attorney-related fees.
Your repayment covers the loan amount and the interest charged by the bank.
Transfer duty is a government tax based on the purchase price of the property.
This is a once-off fee paid to the transferring attorney to register the property in your name at the Deeds Office.
The once-off costs include transfer fees, transfer duties, initiation fees and bond registration costs. Your ongoing cost is your monthly bond repayment.
A fixed rate stays the same for the entire fixed period. A variable rate changes according to the prime lending rate.
Your credit history, financial stability, deposit and overall risk profile determine the rate the bank offers. The bank adds a margin on top of prime to create your interest rate.
Yes. We can assist you in applying for a refinance to explore better interest rates or access equity.
We look at your monthly income and subtract your monthly expenses. The remaining amount indicates how much you can reasonably allocate toward a home loan repayment.
A bond originator submits your application to several banks, negotiates better interest rates and handles the admin on your behalf. With Trustbond, one application gives you access to all major lenders at no cost.
Yes. In a COP marriage, both partners must apply together.
No. Your loan costs stay exactly the same. The bank pays us separately for securing the business.
It is uncommon. Banks usually do not include attorney fees in the loan.
You will typically need:
• A signed offer to purchase
• ID copy
• Personal bank statements
• Business bank statements
• Financials or management accounts
• An auditor letter and IT34, depending on your business structure
• Income proof such as payslips if applicable
Trustbond will guide you through everything step by step.
No. A pre-approval shows affordability but does not guarantee a final loan. Each bank still applies its own criteria.
Pre-qualification is an estimate based on self-reported information. Pre-approval is fully verified using documents and is far more accurate and credible.
