Sanlam Home Loans

Home Loans and Insurance Over the past year the Sa Home Loan industry has become increasingly competitive as a number of new home loan providers have entered the local market. Sanlam is one of those to have recently begun offering home loans in South Africa and the well known insurance giant has already firmly established itself in this industry. During the past year Sanlam Home Loans has built up a home-loans book of R1,5 billion and at present the company …

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Shopping for Home Loans online

Home Loans Tips Online Banking is growing rapidly as more and more customers opt to do the financial business on their keyboards. Noticing this trend the Banks have responded by developing fully functional websites that not only offer you the opportunity to process transactions from your desk, but these websites are also an excellent information resource. Shopping around for a home loan can be a traumatic experience, and if you’re a frist time home buyer with very little experience in …

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Why use a Bond Originator?

Bond Originators The home loan / Bond Finance market in South Africa has, over the past few years, become very competitive. Not only are the number of mortgage providers in South Africa increasing, but competition among the four major bond providers has really started to heat up. One reason for this is because bond originators have finally arrived in South Africa. Bond origination has existed for many years overseas and it’s partly because of bond originators that competing banks have …

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SA Home Loans

Home Loans News: SA Home Loans Speaking in an interview with the Business Report, Kevin Penwarden, chief executive of SA Home Loans explains how his company remains competitive in a growing market. SA Home Loans grants mortgages based on the Johannesburg Interbank Acceptance Rate (JIBAR) which is similar to the mortgage rate normal banks use to issue home loans. Until recently SA Home Loans have enjoy the advantage of a JIBAR rate which has been 2% below the prime lending …

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SARB Financial Stability Review

The South Africa Reserve Bank (SARB) has released its latest biannual Financial Stability Review. The review serves to identify and analyze risks to the local financial-sector stability. In its report the SARB said that the current banking industry remains healthy and that the forecast of the banking industry remains strong despite the anticipation of an interest rate hike. The SARB stated that residential market activity pointed to a cooling-off phase following above average growth in house prices, and that there …

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Fixed or Variable Home Loans

HOME LOAN TIPS Once again the question is raised: Should you fix home loan or should you keep your mortgage rate variable? Every year this question is asked and since the mortgage industry is ever changing it will continue to be raised – especially when there is an expected change in interest rates. Most economists are predicting that the reserve bank is about to raise the prime lending rate which means that the overall interest rates will increase. If the …

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FNB HOME LOAN NEWS

Affordable housing market positioned well for the future The dramatic rise in the value of residential property in recent times is changing the face of South Africa’s housing market. Values have in some instances gone up three-fold in just two years. “Phenomenal growth in property value has boosted residential development in the country,” says First National Bank (FNB) Housing Finance CEO, Marius Marais. According to Marais, even if the rapid rise in property prices eases, there are other growth markets. …

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