Do you have any questions?

We’ve compiled a list of frequently asked questions for your easy reference.

WHAT DOCUMENTS DO I REQUIRE FOR PREQUALIFICATION?

Employed Individuals require the following
• Copy of Identity Document   (If new ID card then copy of front and back)
• Proof of Address
• Latest 3 months payslips   (Latest 6 months for commission or overtime earners)
• Latest 3 months stamped bank statements
• evo Interview form to be completed and signed
• Experian Credit Consent form to be signed

WHAT DOCUMENTS DO I REQUIRE FOR A HOME LOAN APPLICATION?

Employed Individuals require the following
• Copy of Identity Document   (If new ID card then copy of front and back)
• Latest 3 months payslips   (Latest 6 months for commission or overtime earners)
• Latest 3 months stamped bank statements
• evo Interview form to be completed and signed
• Accepted Offer To Purchase or Deed Of Sale

WILL I QUALIFY FOR A HOME LOAN?

It will depend on your affordability, repayment ability and credit profile.

HOW MUCH OF MY GROSS SALARY CAN GO TOWARDS A HOME LOAN?

The banks use a RTI (Repayment to income) ratio of 30%.

DO I NEED A DEPOSIT?

It is advisable to put down a deposit. The percentage loan offered by the banks will depend on the Risk Profile of the client.

HOW LONG DOES THE APPLICATION TAKE?

From submitting an application to getting final outcome, anything from 7-10 working days.

ARE THERE ANY COSTS INVOLVED IF I USE EVO MORTGAGE MAGIC?

There are NO COSTS to the client for our services.

IS THE HOME LOAN THAT IS SOURCED OBLIGATION FREE?

Yes, we obtain quotes from the various banks but it is then up to the client to accept.

HOW DO I TRACK MY APPLICATION?

Your Mortgage Originator will provide you with constant feedback from the banks.

CAN I USE MY OWN ATTORNEY FOR THE BOND?

FNB is currently the only bank that lets you choose which attorney attends to your bond registration provided that they are on FNB’s approved attorney panel.

Evo is a subsidiary of The OOBA group. Representing Wizard Durbell CC © 2018.