Prime Interest Rate

Banks quietly helping Mortgage holders

Estate Agencies across South Africa are reporting a significant rise in forced home sales. The current season of high interest rates has clearly placed many mortgage holders under pressure. Banks are also reporting an increase in defaults on mortgage payments, but don’t expect your bank manager to be knocking down your down with a foreclosure [...]

FNB HOME LOANS property report

FNB Home Loans | Property News www.fnb.co.za Lower Priced Properties sell faster and closer to their asking prices FNB Home loans released their Residential Property Confidence Indicator for the 4th quarter of 2007. In his report, Jan Kleynhans, chief executive officer at FNB Home Loans, further illustrated the current slowdown in market activity. Rising interest [...]

Fix your Home Loan at below Prime Rates

Mortgage News: ABSA Home Loans - Fixed Interest Rates www.absa.co.za The question of whether homeowners should fixed their Home Loan Interest Rates is again being discussed. The general rule is that one should opt for a fixed rate if you’re expecting interest rates to increase in the near future, to peg your rate at a [...]

Which factors affect the interest rate on your Home Loan

South African Home Loan Tips As you can see by [this example] the affect of a 1% difference on your home loan interest rate could mean you’ll save as much as R100 000. Mortgage Innovations Click Here to apply online now and get a Fast Home Loan Approval. Plus cheaper bond registration costs. Let’s take [...]

Opportunity Knocks as Interest Rates Remain Unchanged

Here’s a quick Mortgage Tip and some important Home Loan News South African Reserve Bank (SARB) Governor, Tito Mboweni, has announced that interest rates will remain unchanged. This is the second time the SARB has decided to leave rates following 4 consecutive rate increases. Mboweni is concerned by the growing level of household debts, and [...]