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.
The tips provided in this article are designed to assist your decision making. Consider these points carefully and you WILL advance into a life of financial freedom, by using the full investment potential available in your new property.
Insurance companies have introduced it, many other industries use it, why then haven't our local banks introduced a refund or bonus system into their home loan products? The idea is quite simple really, if it costs a lot of time and money to repossess a property why not incentivize your clients to maintain their bond accounts.
A common question among many South African homeowners is whether saving money into their bonds to pay it off quicker is better than investing in a high-interest savings account.
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 [...]
100% No Deposit Home Loans South African Banks are constantly changing their lending policies. 100% Home Loans have returned & are available, but the banks are understandably more cautious when approving these bonds. Read: How to secure 100% and 110% Bonds The question of qualifying for a bond is one that most buyers ask. Let’s [...]
While this may be a great time to be buying property, securing a home loan can be your biggest obstacle. Here are the three keys to securing the home loan you need - PLUS 1 Bonus! [read more...]
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