Many home owners are in arrears with their home loan installments or other accounts and they would like to apply for a bond to consolidate their debt. Sometimes it seems the banks just don't want to help.
It seems that the banks want to give you an umbrella when the sun shines, but when it rains they take it away....
Take heart, there is a solution where a home owner can get a home loan even if his accounts are in arrears.
There is a company you can be referred to that will advance a sum of money to pay off your debts and then clear your record. The debts are settled within the first month and the process of removing listings from the credit bureau takes 3 - 4 months.
Then they hand your file back to your home loans broker to do a regular bond at the bank because you now have no debt and a clear record. With the bond, the company is paid back their money plus interest (that's how they make their money) and you only have your bond and car (if applicable, because they don't settle cars) to pay.
This is nothing negative on your record and is not administration or debt review - it will actually clear your record.
For more information on these types of home loans, don't hesitate to contact us by visiting our website on http://www.gpfmortgage.co.za/home-loans.html
