100% No Deposit Home Loans South African Banks are constantly changing their lending policies. 100% Home Loans have returned & are available, but the banks are understandably more cautious when approving these bonds. Read: How to secure a 100% Bond UPDATE: ABSA HOME LOANS have extended their 110% Home Loans offer. Click Here: What are […]
South Africa’s largest mortgage provider, ABSA Home Loans, announced recently that it would restrict access to the extra funds available in the Bond Accounts of some of their clients.
Just less than 17% - about 130 000 - of ABSA’s home loan clients, who use the 261 flexi facility, will be affected by this decision. [read more ...]
Previously, new home buyers were able to secure a full mortgage bond of up to 108% (to help cover costs) from all the big banks.
As of 23rd Oct 2008, Standard Bank Home Loans division will only be granting Mortgage Loans to a maximum of 95% of the property value.
Fixed Rate Options From ABSA Home Loans In Nov 2007, when it seemed that interest rates had already peaked, ABSA home loans launched a campaign offering homeowners the chance to Fix their Home Loan Interest Rate at 11.75% – 2.25% below prime at the time. It seems the bank was a bit hasty in launching […]
Get something back from your Bank, and add-value to your property.
With all the negative news surrounding raising interest rates and the banks’ tougher lending policies, here is some good news about a bank that is giving something back to its home loan clients.
South African Home Loan providers have responded to the current high interest rate climate and slow property market by tightening their mortgage lending criteria. FNB and ABSA home loans have lowered their Loan-to-Value limits from 108% to a maximum of 100% [...]
Mortgage News: ABSA Home Loans – Fixed Interest Rates www.absa.co.za The question of whether homeowners should fixed their Home Loan Interest Rates is again being discussed. The general rule is that one should opt for a fixed rate if you’re expecting interest rates to increase in the near future, to peg your rate at a […]