Advance Against Bond Guarantees
Why wait to receive your money?
The obtaining of funds from a bond guarantee over an immovable property is usually dependent on registration in the deeds office. In Africa these types of things tend to take time. Mega Finance ® has designed a bond equity advance to cater for this delay which will usually pay out once the bond documents have been signed.
Sellers Equity Advance
Sold Your Home? Get your money now.
Sellers of immovable properties only receive the proceeds on registration of transfer from seller to buyer. The sellers equity advance usually pays out to the seller around 70% of the net proceeds (after settlement of existing bonds and expenses) once your buyer has secured the purchase price. Often these funds are required to pay rates and taxes and other services to obtain the clearance certificate for that transfer.