Buyer Financial

Default on Mortgage Repayments

Author : Homeloans SA DEFAULT ON BOND PAYMENTS Defaulting on your Home Loan It is an undisputable fact that many South Africans live above their means and with high interest rates and job losses, many South Africans fall behind with their home loan payments

Factors that Affect Interst Rates

Author : Homeloans SA FACTORS THAT AFFECT INTEREST RATES Which Factors Affect the Interest Rate on Your Home Loan There are a number of factors that influence the rate you are being charged on your Home Loan. We look at what we call external factors

Foreign Buyers and Home Loans

Author : Homeloans SA Foreign Buyers and Home Loans in South Africa An increasing number of foreign buyers, also known as non-residents, have been buying property in South Africa over the last number of years. South Africa is seen as a sought-after investment opportunity by many foreigners

Getting Your Home Loan Approved

Author : Homeloans SA What is required to get Your Home Loan Approved in Todays Market When you look at the most recent statistics of home loans approved in South Africa the answer to the question, “What is required to get a home loan approved today?”

Higher incomes needed for home loans

Author : CEO – Shaun Rademeyer – BetterBond Home Loans Higher incomes needed for home loans12 Dec 2013 According to the latest statistics from BetterBond Home Loans, home buyers in South Africa now need to earn a gross monthly income of around R30 000 to buy an average home costing some R952 000

Mortgage Bond Insurance

Author : Homeloans SA BOND INSURANCE Is Life Insurance Compulsory when taking out a Bond When you buy a house and obtain finance in the form of a Home Loan, the bank will make it a condition of grant that you have Homeowners Insurance

Paying Off A Home Loan Sooner …

Author : Homeloans SA Paying Off Your Home Loan Sooner. 20 years is a very long time and 30 years is even longer. In fact, 30 years is half of our adult lives. Many homeowners will be spending that entire time repaying their single largest debt: The Home Loan

Pros and cons of a fixed rate

Author : Adrian Goslett, CEO of Re/Max of Southern Africa Pros and cons of a fixed rate: 04 November 2013 With the prime interest rate at a low that was last seen in the market more than 30 years before, many homeowners contemplated fixing the rate on their bond