Mortgage - Bond Origination - Home Loans
Building insurance is exists to cover the physical structure of your home, along with all permanent fittings and fixtures. In addition, it can also cover you for other liabilities such as personal injury on-site.
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When it comes to buying and selling property in South Africa, both the buyer and the seller have certain financial obligations. It is crucial to know what these obligations are before pursuing the transfer of property is crucial and will help you prepare for it before you sign a contract.
South Africa’s property sectors are feeling the negative effects of local and global economic growth. This coupled with higher inflation and interest rates than were expected in the first quarter, people are left wondering whether this is a good time to purchase property.
Our independent bond originators in South Africa have been following the market closely and aim to put your mind at ease as we explain how home owners, landlords, and tenants can still benefit from staying in the property market.
When selecting insurance policies, you shouldn’t just be concerned with your premiums. It’s more important to know your excesses, exclusions, and potential payouts. A tailor-made and flexible policy will ensure that you are only paying for the things you need.
There’s a sense of uncertainty out there. Inflation is rising, interest rates have just been increased and share prices have dropped. Predictions of a possible recession are looming. It’s easy for purchasers looking to buy a property to get disheartened, but it’s more important to consider short-term market announcements in the context of long-term economic trends.
Self-employed home loan applications are notoriously more difficult to get approved than other types of applicants – but they don’t have to be. In many instances, self-employed purchasers can afford the bond… it’s just about knowing what the banks are looking for in the documentation. Read the information below and then let our experienced bond originators assist you in the way forward - to get the best possible offer, at the bank that is right for you.
The good news is that buying land in South Africa as a foreigner is possible. However, there are a few things to be aware of if you are a foreigner wanting to invest in property in South Africa. In this article, we answer some of the questions you might have about buying land in South Africa as a foreigner.
If you default on your bond repayment, your bank can potentially repossess your house and sell it to recover the money that you still owe to them. However, there are some very sound financial reasons why the bank will avoid doing this.
When it comes to your home loan application, geography matters. Banks have an area classification risk rating that is factored into the customer’s overall risk assessment. The outcome of this risk assessment is what determines the price of your loan, or the interest rate the bank will offer you.
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