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 notice too soon. In previous years Mortgage Providers in South Africa would aggressively foreclose thousands of homes if homeowners defaulted on their mortgage payments. It …

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Take advantage of your HomeLoan

Tips: SA Home Loans For most, a homeloan represents the single largest financial commitment we’ll make in our lives. But, often we think of our homeloans to be one huge debt, and fail to see the financial benefits it offers. Your mortgage is a Secured Loan – secured against your property. This means that as your property value increases, the total amount the Bank is willing to offer you will also increase –given you are able to afford the repayment …

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FNB HOME LOANS property report

FNB Home Loans | Property News
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 rates, the implementation of the National Credit Act 8 months ago and inflationary pressures have shown to be the three major factors that continue to place pressure on the property market.

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