In looking to purchase a home it is vital to know just how much of a mortgage loan you would qualify for. The amount of mortgage loan that you would qualify for depends on a number of factors, such as your current income, interest rates and other debt payments which you may have. Banks consider [...]
One of the primary things that a seller should keep in mind when selling a house or property is that the house should be in its best condition and appearance. This is but common sense for others but there are many instances where we encounter houses that are advertised with no single improvement at all. [...]
Having a home loan, while being a great investment opportunity, can also be a burden if you are paying more than you need to. Sometimes, the best option in reducing your monthly mortgage payments is by switching your home loan to another lender. It is a method of refinancing your mortgage loan and ensuring that [...]
Getting into the property market is an exciting – if somewhat confusing – enterprise for many South Africans. Almost every would-be home buyer finds themselves wondering what this or that term describes, as the jargon used in the home buying industry can sometimes be anything but immediately understood. Terms like “subject to sale” are often [...]
Every person’s best dream is probably a home of their own choice and taste. In South Africa, these dreams are bigger and larger in number. But achieving such a dream is not an easy task. These dreams are affected by various other factors like financial position, economy etc. Banks are the major remedies for such [...]
With the rising levels of personal debt in South Africa, many people are looking for effective ways to consolidate their various debts, lower their payments, and regain control over their financial lives. While there are many options available that can offer some relief from the burden of crushing debt, there is one tool available to [...]
If you are a homeowner looking for ways to save money on your bond, there are always things that you can do to accomplish your goal. Though interest rates are considerably lower than the 20-plus percent range that plagued the country several years back, the increase of rates in the last several months only serves [...]
Unfortunately, there is always a fair amount of repossessed houses in South Africa just as in all countries. However, this means other people who are looking for a home to buy can purchase one for a great price. There are several tips and facts that everyone should learn before buying a repossessed house.
The “Repo Rate,” or as it is now referred to as of 2006, the Official Bank Rate. This is the rate at which banks may securely borrow money from their respective home governments. This is a key economic ability and helps banks stay in business in harsh financial times. Recent years banks of the world [...]
In order to understand how to reduce your interest rate, it is important to first take a look at what interest rates really are. Interest rate is the price that a borrower pays for, or a lender receives from, the use of money in a loan agreement. The loan lender earns an income by lending [...]
