Comments on: Best Advice For Any First Time Home Buyer

By: samchi

samchi — Fri, 28 Oct 2011 04:59:06 +0000

Hi,since my father died have been maintaining 2 homes mine(rent) and my mom’s monthly expenses, I wish to purchase my mom’s house and consolidate my debt, but problem is within this year I was sickly and never worked for 6 months, so I had medical bills and accounts( the debt I would like to consolidate) which fel behind, would I be able to get a home loan if I apply, I really urgently want to purchase the property. For personal and to limit rental payments that I could be making on my own place.due to recession my salary has been redused to R9500

By: Jaco

Jaco — Fri, 09 Sep 2011 07:09:48 +0000

My wife and I are both under administratotion due to the fact that I lost my high income work and we just could not cope. I work now for my self and our joint income are R13000pm. Can we still qualify for a home loan of R400 000? Thanks

By: Viege

Viege — Mon, 04 Jul 2011 14:53:02 +0000

I have been staying in a town house for 1year 3months & have been paying R3000.00 Monthly & never been on Arears. i was told to look for a House worth R150 000.00 by the other Bank, i found one worth R300 000.00 but given to me for R150 000.00. i get R4 665.00 + R11 500.00 Comm. i have all my necessary documents signed but when submitting, they Declined it due to affordability. Is it because i get paid on Commision & Basic as well because i’m on Car Sales? Can you please advise as this house is not just a bargain for me but my dream come true. i’m 25years of age. Thanks!

By: krishni

krishni — Tue, 14 Jun 2011 12:47:31 +0000

Hi my fiance and I want to buy a house. How much would we qualify for if we have a joined salary of R18000. I would like to know if I will get a 100% bond. how much will be my re-payments.

By: Michelle

Michelle — Tue, 15 Feb 2011 12:05:36 +0000

i need to buy a house, but i feel i will not be able to make repayments because after payment of my expenses i am not left with much to even pay a house. I heard that i can consolidate my debts into my home loan and pay one amount?? what does this mean and how does this work? please advise, because for all i know i am missing out on things due to lack of knowledge. regards

By: Tamsyn

Tamsyn — Wed, 02 Feb 2011 09:41:51 +0000

Hi my fiance and I want to buy a house next year. How much would we qualify for if we have a joined salary of R13500. Also im still under administration and busy paying of my accounts, would we still qualify for a home loan if I had a bad credit recored, I only own R5000 altogether on my three accounts that I am busy paying off still.

By: Zahira

Zahira — Thu, 12 Aug 2010 11:14:46 +0000

My husband and I qualify for a 90% home loan with Standard Bank & Nedbank and for a 85$ home loan with Absa. The reason wa because there were debit order rejections on my husbands bank account during last year, so now they say we are a risk. The reason for the rejected debit orders was because he was retrenched last year, but is employed since January 2010, and our records are squeaky clean since then. What can we do to receive a 100% bond? As we cannot afford the 10 or 15% deposit plus transfer fees the banks are requesting.

By: randy

randy — Mon, 28 Jun 2010 10:25:45 +0000

Would like to know for how much me and my boyfriend qualify our joint salary is R10300 and can we consolidate our debt if there is money still left or how does it work.

By: Ms . MHA

Ms . MHA — Mon, 31 May 2010 15:38:15 +0000

Hi there – for the past few months I have been looking at apartment prices and would really like to get into the property market. I have not been to any banks yet nor have I investigated the option of Mortgage brokers – who apparently can get one the best deals. My question is this : If one has an income of about 15K pm AND have other debt, can one actually take out a home loan and have all ones’ other debt consolidated into the homeloan?? And if one needs to have renovations/enhancements done to the property ( Eg : paint / get kitchen & floors upgraded )would one be able to do so within taking out a slightly bigger bond than what the property is actually valued at ? I am looking at apartments in the region of R550K to max of R690/700K. My monthly expenses comes to about R12K per month – with this I might as well be paying off a bond! PLEASE PLEASE ADVISE on some good advice. Thanking You kindly . Ms MHA

By: Jerrold Wallet

Jerrold Wallet — Wed, 12 May 2010 09:10:33 +0000

Thank you for the best financial article. It has given me a lot to think about. I will have to tell my family and friends about this. Thanks once again!