SA Property Ownership gets Boost

Trevor Manuel’ tenth budget speech is expected to be a boost to the local property market. In he’s speech yesterday; Manuel announced that property costs are being slashed significantly. Previously Transfer Duty costs on a R500 000 home could be as much as R20 000. These and other home loan registration costs have been a major obstacle for first-time home buyers and lower income earners. As from the March 1, 2006 properties under R500 000 will not be subject to …

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Home Loans for all

Home Loan News: The four major SA home loan providers have recently signed an agreement with Government that will promote housing in the lower income bracket. To date FNB, ABSA, Nedbank and Standard Bank have collectively invested about R6 billion in low cost housing, but this has mostly been targeted at the high-end of the targeted income bracket. The housing minister, Lindiwe Sisulu, has expressed he concern over the fact the banks seem to be dragging their feet when it …

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No Deposit Home Loans

Home Loan Tips: A No deposit home loan is better known as a 100% Home Loan. These loans were originally designed for first time home buyers are could not afford to pay the he deposit on their new home, but banks are starting to offer 100% loans to many more customers. It’s a combination of increase competition for home loan customers and very low interest rates. In a bid to secure a larger portion of the SA home loan market, …

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Hot Properties

Property News: Which areas currently offer the best investment potential? Your new house should not only be your home about also your investment. There are a number of things one has to consider before purchasing a new home, not least of which is its location. Your property is an enormous investment and you’ll want to make sure that you’ll be able to see a return on that investment. Therefore, buying in the right areas is key. A report by moneyweb.co.za …

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Mortgage Originators – the one stop Home Loan assistant

SA Home Loans: Mortgage Originators have completely changed the way home loan applications are processed. Before Mortgage Origination existed in South Africa, we were forced to visit every home loan provider personally to secure a bond. Originators have taken over that task, at no extra cost to you, and they’ve dramatically sped up the application process. If you’re looking to get your Home Loan finance approved within days and be sure you’ve got the best deal, your best option would …

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Mortgage Applications Slowing

SA Home Loans News: In September 2005, ABSA home loans experienced it highest growth in SA Mortgage Advances in over 20years. A combination of low interest rates and high consumer confidence sparked a boom in property which saw many first-time buyers enter the market. Although interest rates have remained unchanged since then, ABSA Home Loans economists are reporting a slow down in the growth of mortgages. Jacques du Tiot, ABSA senior economist, explains that the slower growth in the mortgage …

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