You may not need one right now, but it is time to begin saving for a deposit if you intend to buy a new home in the coming years. Comments from the heads of ABSA Home Loans & Nedbank Home Loans suggest that buyers will soon require a large deposit to qualify for a home loan.
Home Loan Lending Policy: ABSA, Nedbank tighten mortgage lending Nedbank and ABSA Home Loans have further tightened their mortgage lending criteria, effective 1 Dec 2008. ABSA – SA’s largest home loan provider – has lowered their maximum home loan to 85% of the property value / purchase price. While, Nedbank homeloans are only offering […]
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.
For New and Existing Home Loans, Further Bonds and all Debt Consolidation finance SA Bond Originator: Property Loans offers you an ALL-in-One Bond Origination Service. Shopping around for the best home loan interest rate can be very time consuming and since you homeloan is probably the biggest financial commitment you’ll ever have its important to […]
SA Mortgage / Bond Origination Explained: Shopping round for the best Bond deal can be very time consuming and frustrating. And since your mortgage is one of the biggest financial commitments you want to be use youâ€™re getting the lowest rate. Bond Originators have completely changed the way South Africans are applying for their mortgage […]
Whether interest rates are going up or down the importance of taking an active interest in managing your home loan can not be overstated, and youâ€™re about is find out why â€“ now! For one of many reasons you decide that you need to lower your expenses and find some way of saving yourself some […]
The top Mortgage Providers in South Africa are the Four big Banks – FNB, Standard, Nedbank and ABSA – and each of them are competing fiercely to secure a big piece of the lucrative SA home loans pie. The competition between these banks and other mortgage providers in South Africa has resulted in many new […]