In the first part of this home loan management series we explained that the first step to saving thousands on your home loan repayment is to pay off your HIGH INTEREST debts first. You may need to increase your existing mortgage to consolidate these debts into one low interest bond Read more…
Mortgage SA Home Loans Tips: In this 4 part series we take a look at the best tips to managing your mortgage and saving thousands on interest and other payments. The first step to cutting your mortgage repayment by thousands is not to begin paying extra into your bond every Read more…
Weâ€™ve just entered the yearâ€™s most financially taxing month â€“ January. After the festive and holiday season spending spree most South Africans are faced with what seems like a mountain of debts to pay. Economists are already forecasting a year of increased interest rates and a slowing down of property Read more…
In a bid to curb consumer spending and household debt the South African reserve bank announced on 0.5% hike in interest rates. This is the fourth interest rate hike for 2006 bringing the current prime rate up to 12.5% HOW DOES THIS AFFECT YOUR HOME LOAN? Repayments on a bond Read more…
Talking Home Loans – Mortgage Tips:
A part from being a good financial investment, property ownership is also about raising families and building a future for your family. Your home is often the biggest financial commitment weâ€™ll have to make and itâ€™s for these reasons that you need to be sure that youâ€™re getting the best possible Mortgage Deal for your new property.
Here are 4 things you need to know about applying for finance for your new home:
1. Property Price
Before deciding to purchase a new home you need to consider its location relative to schools, transport, shopping centers. With this mind you then need to consider if the selling price is competitive. The local property market can be described as a Buyers market which means you currently have a lot of bargaining power.
2. What can you afford?
Itâ€™s very seldom that buyers are able to purchase a home without having to secure Home Loan finance. Itâ€™s therefore good to first find out how much you qualify for before you begin shopping around for you new home.
Click Here to speak to a bond consultant now
Your home loan is one of the biggest finance responsibilities you’ll ever have so it’s important to make use you’re getting the BEST BOND deal. You’re about to find out everything you need to know about South African Home Loan Finance in just A Few Seconds.
Home Loans – The Break Down
- How a Home Loan Works
- How to Secure Mortgage Finance
- The best Types of Home Loans
- Who will get you the Best Bond Deal
SA HomeLoan Tips: With the festive season fast approaching, you’re most likely preparing for a few weeks of big spending. Whether it is for gifts or holiday trips most people look towards their credit cards and personal loans to finance these expenses – this is often a huge mistake. We Read more…