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 […]
How to save R420 000.00 on a home loan of R605 480.00
If a home loan is paid off over the normal 20-year term, the interest that is paid to a financial institution is often more than the capital borrowed, says Meyer de Waal, a conveyancing attorney in Cape Town, who made a study of home loan repayments, how to save thousands of Rands on home loan […]
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 […]
Don’t miss Meyer de Waal’s interview on SABC 1 Yilungelo Lakho (It’s Your Right) 18 October at 4:30 PM
In the current economic climate many homeowners are battling to keep pace with their monthly bond repayments. All because of the rapid increase in home loan interest rates. You could be one of those looking to avoid the next round of rate hikes. One way to do that is to re-negotiate your bond rate. To […]
Buying your first home? No deposit or legal fees?
Free service available to arrange it before you buy Many first-time buyers are faced with the impossible task of saving for a deposit before they buy their first home. Buyers are advised to open a savings account and put away money each month for a year or two, and then use that as a deposit […]
FLISP interview with Meyer de Waal on Moneyweb
FIFI PETERS: In today’s property feature we are looking at FLISP, the Finance Linked Individual Subsidy Program. It is a housing subsidy that helps qualifying first-time home buyers buy a home. There have been some changes to the regulatory environment to make it a lot easier for homeowners to do so. For more on this […]
Fantastic news for first time property buyers FLISP subsidy policy revised – no need for a home loan anymore to obtain a government subsidy
[Cape Town, 12 March] National Minister of Human Settlements, Mmamoloko Kubayi announced that the Finance Linked Individual Subsidy (FLISP) has been delinked and is no longer just a mortgage only option. Furthermore, partnerships were established with external role-players such as financial institutions, conveyancing attorneys and property developers, granting them access to the Housing Subsidy System […]
No late FLISP Subsidy applications approved for first time buyers – Industry stakeholders face a possible class action for millions of Rands in damages
If you are a first-time homeowner who earns up to R22 000.00 per month, and took transfer of your new home and then only applied for a first-time homeowner [FLISP] subsidy, it is most likely that your subsidy application will be denied. This is applicable to all first-time buyers, unless you live in the Western Cape […]
Greenville Garden City provides top quality houses with superior finishes – Now available as bonded houses
Selling from R649k to homebuyers qualifying for a bond – Also available for first time buyers getting the benefits of the Government Subsidy programme (FLISP) The quality of the construction and superior standard of finishes are what stands out in the first 16 houses of the first phase of bonded development at Greenville Garden City […]
Here’s how to start your property portfolio and own your own property with only R10 000
Is it possible to own your property if you only have R10 000 available secure it, with no home loan? “The answer is yes. There is a well-known concept used by seasoned investors called ‘OPM’, or ‘other people’s money’, and there is no need to think that you must amass a small fortune before you […]
