B
Loans
Bond Originator
Someone who shops your home loan application to multiple banks at once instead of you walking into FNB, then Nedbank, then Absa, then Standard Bank separately. They're free for you — the bank pays them commission. Good ones save you money and get you approved faster.
Usage Examples
"Sipho used BetterBond to apply for his bond. They got him three offers within 10 days. He took the one with the lowest rate and saved 0.75% on interest — that's R150,000 over 20 years."
"Thandi shopped at ooba and got approved at a better rate than if she'd walked into Standard Bank herself. Bond originators actually have relationships with banks and know who's hungry for business."
"Using a bond originator costs you zero. They earn commission from the bank. It's basically free money — they do the legwork, you get a better rate."