Take Control of Your Mortgage In 2006

Home Loan Tips: Home Loans are often the largest financial investment we’ll make in our lives, but despite this very few people realize the importance and benefits of managing your bond account wisely. Keeping your mortgage account manageable is often tougher than one would expect. And while simply trying to keep your bond account out of the Red Zone may be wise, you could be missing out of the benefits your home loan can offer you. Here are some tips …

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FNB creating the big waves in the Mortgages

Home Loan News Although we have seen a number of new home loan providers entering the local mortgage industry, data supplied by the South Africa Reserve Bank show that SA’s Big Four Banks are continuing to take market share from the smaller banks. Currently the SA Home Loans Market is begin dominated by Absa Home Loans, although FNB Home Loans have been making the most waves recently and are beginning to revival ABSA. According to economist Nico Keller, Nedbank has …

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Probe into mystery Home Loans Levy

Home Loans News Banks have been collecting millions of Rands every year over the past 15years through a law dating back to the apartheid era. According to a BusinessDay report, the law allowed banks to collect a R5 monthly charge from all home loans. The charge was imposed on all home loans as a form of compensation to banks for the costs incurred by low-income mortgages. According to the report the Banking Association has agreed to investigate the R5 monthly …

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How to beat the Home Loan hike

Home Loan Tips: A number of economists currently believe that a hike in interest rates is coming soon, and if interest rate are in fact raised you could find your monthly budget under pressure. Your HomeLoan is will be most affected by a interest rate hike, your monthly repayments could increase substantially. To beat a home loan hike, some financial experts advise homeowners to pay a little extra into their mortgage accounts very month to lower the effect of interest …

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Should you fix your home loan rate?

Home Loans Tips: Your home loan interest rate is one of the most important factors to consider when applying for a mortgage, and in fact it will remain the most important factor for the duration of your bond. Moneyweb.co.za recently ran a report in which a one of property and home loan experts were asked whether consumers should fix their home loan rates, considering the current market conditions and the types of products being offered currently. The majority of the …

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Lower Your Debt Today

Personal Finance Tips: Debt Consolidation is one of the best ways to lower your total monthly expenses. With the Christmas Season well and truly upon us, we’re all about to spend a lot more than usual, and inevitably we’ll end up creating more debt for ourselves. Your Home Loan is one of the most powerful financial tools in your possession – if used corrected you could save yourself thousands by lowering the interest you pay on your personal loans, credit …

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Future of SA Mortgages

Home Loan News: Currently, the home loans industry is one of the most attractive into the world. A combination of factors affecting our local industry and foreign currency has attracted a number of international banks to South African shores. Banks such as Barclays and Standard Chartered Bank from London, England have already entered the market. But the number of foreign home loan providers is expected to increase even further, which will boost competition among banks as they all wrestle for …

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