Land and home ownership remains a dream for much of our people who remain marginalised. Central to this is the creation of wealth using asset based debt, rather than the short-term microfinancing that bleeds the working poor. Home ownership is the most basic platform which enables marginalised communities to escape the poverty cycle. The government has supported fundamental home ownership through the “RDP house” programme for the poorest communities while commercial banks provide home loans for higher earners. However, there is no support for a significant number of people who fall outside of the qualifying criteria of both lenders, i.e. the “missing middle. We at The Mortgage Corporation have made it our mission to help this “missing middle” segment access loans to make their dreams of owning their home come true
The Mortgage Corporation is a wholly black owned and operated entity founded on the principle of helping everyone achieve pride in owning their own home. We are a group of experienced businesspeople, bankers, entrepreneurs and financial services professionals who are passionate about building businesses and self-empowerment. We believe there is there is a growing need for true economic transformation of the South African economy beyond black people merely buying stakes in existing companies. The impetus is for black people to take responsibility for building businesses, especially in sectors where the majority are still marginalised, particularly home ownership.
We are in the process of fulfilling the compliance requirements and engaging our technology providers.
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The Mortgage Corporation35 Ferguson Road Illovo Sandton2196
Phone: +27 (011) 0841100