Mortgage - Bond Origination - Home Loans
The income that different people get periodically comes in various forms. For some it comes as a salary per month or per week if they are formally employed, whilst for some it comes as profit in the event that they are self-employed.
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While many people execute Wills to bequeath inheritance (e.g assets) to beneficiaries after they pass on, there are other people who prefer superintending on the transfer of assets to their preferred beneficiaries whilst they are still alive.
The insurance business was modelled in response to the “WHAT IFs” which are certain probabilities in our natural everyday life. Having started catering for basic essential things, insurance now covers many interests of human concern and importance from life, property, vehicle to even small gadgets.
Buying a property in a property development works much in the same way as the proverbial words in Hebrews 11 verse 1 defining faith. Despite having its own peculiar benefits, it is a move based on trust as the Purchaser is essentially buying a property that cannot be seen at that time and which will only be visible in future. It surely is being ‘sure of what you hope for, certain of things not seen.
Buying an immovable property is largely dependent on the financial reserves available for the purchase (affordability), just like acquiring any other asset. Whilst cash purchases are straight forward and quick, purchases through home finance may experience twists and turns owing to various reasons. It is quite an involved process from application to final approval of the home loan, but certainly it is a process in which parties are in a position to lessen the hassles and not cause delays.
More and more South Africans are opting to utilise the services of Bond Originators owing to the numerous benefits that are presented by their services.
The interest rate on a credit facility forms part of the Lender’s profit and benefit, and is therefore structured to achieve that end. With regards to Home Loans, there are two types of rate of interest structures which an applicant may choose to apply on their loan.
The purchase price of a house is only a part of the costs involved in buying a home, although it is understandably the largest chunk, it is not the only cost or fee involved.
Fewer experiences in life are as comforting and exciting as purchasing a house. It is indeed a feeling of significance and security especially in situations where one could not have imagined owning a home of their own. Owning a house is real security regardless of what the intended purpose is e.g leasing out, living in, renovating and selling.
Securing a bond is fraught with technical and legal hurdles which one would rather navigate through with some expert guidance and advice to weigh the better options. The financial implications are significant if approached without due caution, therefore it is imperative that home seekers intending to secure mortgages to finance their purchase do so from an informed perspective.
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