Why a home loan prequalification matters
So you’ve been looking to buy your dream home, and you’ve seen something for sale that grabs your fancy. Now imagine yourself walking through the front door carrying a suitcase filled with cash. You’ll certainly get the buyer’s attention, won’t you? Of course, not many people are in the fortunate position of being able to […]
Do not get stuck with your existing home loan rate for 20 years Renegotiate for a lower rate
Meyer De Waal was recently interviewed on SABC 1 Yilungelo Lakho. With interest rates increasing, many home owners are in a bind to repay their ever increasing home loan instalments. The most prominent question that came up, “How can one reduce your home loan interest rate and monthly repayment?” The interview focussed further on informing […]
Free money from the Government to buy your own home
The Government is making available free money to first-time buyers who want to secure their own homes. The question is: “Where do I sign up for this free money, and how do I go about to claim it?” ALMOST R600 MILLION RAND AVAILABLE In a recent media release Mr Mbulelo Tshangana, the Director General of […]
Here’s how you can save more on your home loan
NOMPU SIZIBA: Buying a property is a long-term expensive business, for first-time buyers especially. It’s good to get yourself in the most financially fit position so that, when you engage with home-loan lenders, you look favourable enough to offer a low bond interest rate to. The interest rate is the cost that you have to […]
You don’t need to be tied to your home loan interest rate
Raising a home loan is often the one of the most stressful times in one’s life. Renegotiating a lower interest rate a few years later (anything between 1-10 years later) can save you thousands of Rands. You have nothing to lose then, as your home loan is already approved. “If your own bank does not […]
Make ‘savings’ work for you by paying more into your home loan
The recent Reserve Bank decision to reduce the repo rate to 6.5% per annum was well received by the majority of stakeholders in the property industry. This means that home buyers and homeowners benefit from the reduction in prime lending rates, and although the 0.25% seems negligible, it adds up to quite a substantial amount […]
Can’t get a home loan? You can Rent2buy
When selling your property, one of the biggest hurdles is to find a buyer with an approved home loan. The same applies for a buyer – finding a bank that is willing to provide a mortgage loan. “However, an innovative property structure and finance product now makes selling and buying a property much easier,” says […]
Buying a property and need a home loan? 8 Reasons why a home loan pre-qualification makes sense
Buying a property is most likely the largest investment one will ever make. First get a formal indication of the home loan you can qualify for. Avoid the stressful time waiting for the final home loan approval that is only submitted after you have signed for your dream home. The best news is that a […]
Ten things every home buyer should know
Buying a home is most likely the biggest investment you will ever make, yet most people do more research about the features and specifications of the new mobile phone or car they want to buy, than buying a home. Yet, faced with a mortgage loan that may take 20 years to pay off, they […]
