The latest FNB House Price Index shows that although property prices are still declining (by about 2% each month) the rate of decline is starting to slow down, and we could begin to see positive growth towards the start of 2010.
The latest FNB House Price Index report, released at the start of June, shows that property prices continued to drop in May 09. This graph illustrates the rapid growth and drop of property prices.
Home Loans: FNB One Account The FNB one account was one of the first Home Loan products of its kind available in South Africa. The FNB One Account consolidates multiple accounts into one single account. The One Account is not only a Home Loan / Mortgage Account but it is also your cheque account, overdraft [...]
FNB Debt Consolidation: Now you can use a Credit Card to consolidate your debts, lower your monthly expenses and qualify for a home loan. With an FNB Visa Credit Card you’ll be able to consolidate all your debts into one card and pay it off at an INTEREST RATE OF PRIME -1%.
Previously, new home buyers were able to secure a full mortgage bond of up to 108% (to help cover costs) from all the big banks. As of 23rd Oct 2008, Standard Bank Home Loans division will only be granting Mortgage Loans to a maximum of 95% of the property value.
South African Home Loan providers have responded to the current high interest rate climate and slow property market by tightening their mortgage lending criteria. FNB and ABSA home loans have lowered their Loan-to-Value limits from 108% to a maximum of 100% [...]
Home Loan and Property Tips With interest rates up and affordability dropping it may seem like the wrong time to begin climbing the property ladder. But, with a bit of know-how and resolve you’ll find that it’s not as difficult as you might think. Rising Inflation and interest rates have forced many potential buyers and [...]
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