All the majors banks in South Africa now offer home loans for low income earners. These bonds are available to families who are unable to qualify for RDP houses, housing subsidies, or who were previously unable to meet the minimum requirements to secure a home loan from the bank. South Africa is currently experiencing a [...]
The benefits of an access bond has become so clear that most new home loan accounts are now access bonds too. The range of types of home loans available these days has grown tremendously, and all the major banks now offer Access Bonds. Basically, an access bond is a home loan that allows you to [...]
Each bank has a system set in place which grades individuals on how well their accounts are managed as a whole. The best grading is normally reserved for those clients who have obtained a healthy balance between having a few credit accounts, as opposed to those individuals servicing too many accounts. It is advisable to [...]
Access Bonds are by far the most popular type of home loan currently available. An Access Bond is very much like an ordinary home loan except it has an added saving benefit attached to it. The savings portion of this type of home loan, allows you to pay extra funds into your bond, and still [...]
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.
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