Comments on: 100 Percent Home Loans – how to secure one

By: Carmen

Carmen — Thu, 14 Jul 2011 12:29:21 +0000

What if you and your spouse joint salary is over R15000 and u still dont have a deposit??? Why are they so strict in first time buyers its crazy!!!!

By: Nomthandazo Mncube

Nomthandazo Mncube — Mon, 14 Feb 2011 13:50:10 +0000

Yes it surely is too good to be true…and you wont get that 100%home loan just like me,my children are starving whilst Im raising the deposit and registration fees…so it is better to save your own money.

By: Moss Sehlapelo

Moss Sehlapelo — Fri, 24 Dec 2010 10:40:20 +0000

I want to disagree with your story since I recently applied to absa and they said sorry, you have to bring a deposit. this is so despite my good financial standing and worse off my wife works for them.

Please prove me wrong. By making a success of my application at 100% and at my wife’s staff rate.

By: Gino S

Gino S — Thu, 15 Oct 2009 09:48:39 +0000

@NotSoHappy – While the banks are currently willing to offer 100% bonds, the key to qualifying for the full bond amount is whether you are able to afford the full monthly bond repayment. You may want to purchase a property for R1million, but are only be able to pay about R8500 per month – in this case the bank will only offer you an R850k bond (which is an 85% bond).

By: NotSoHappy

NotSoHappy — Tue, 13 Oct 2009 13:14:17 +0000

Not happy – The banks are now saying they give 100% which is nonsense with one bank wanting to give us as low as a 85% bond. I don’t know how my husband and I are suppose to buy a house like this.

By: no deposit home loans

no deposit home loans — Tue, 21 Jul 2009 07:39:22 +0000

Happy to see that banks are back with 100% bonds. Also, the picture you provided is very thought provoking.

By: Debt Counselling

Debt Counselling — Fri, 17 Jul 2009 21:18:38 +0000

I am surprised to see that banks are giving 100% bonds again, but not to surprised to see the criteria. I thought it was to good to be true. Bring back all 100% SA banks, you are killing the property market with many people not able to sell their properties because the buyer can not qualify. I am seeing it everyday.