Home Loans
Perhaps some of us have been to a mall to buy a few items and soon after purchasing those goods, passed by another shop only to see the very same items at a much lower price! In as much as people react to situations differently, most people would be disappointed to find themselves in this situation.
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“Dear Phoenix Bonds, I am encouraged by the excellent and warmly service that my nephew says he received from you. I am writing to you because I have also decided to utilise your services in purchasing my first immovable property. However, may you kindly assist me to understand what a Flexi/Access Bond facility is? Thanking you in advance.
Adriaan, Bedfordview
From the time of visiting a preferred area to hunt for a suitable property, applying for a bond, registering the bond, transferring the property to the day of occupation, it is quite an involved process with many role players playing their part.
With the Russia – Ukraine conflict in full swing, the economic growth prospects of a world reeling from the effects of the Covid-19 pandemic look bleak. A decline in the energy and food production sectors will certainly result in the disruption of global trade, while pushing inflation higher.
Buying an immovable property is one of the most fulfilling experiences in life, and when one embarks on that endeavor, hurdles along the way are definitely not appreciated. This is why more and more home buyers are finding it much easier and convenient to use the services of bond originators in the application process of home loans.
Some credit providers are required by the National Credit Act 34 of 2005 (NCA) to conduct an affordability assessment when an application for credit is lodged.
The National Credit Act 34 of 2005 (NCA), provides in section 3 that its purposes are ‘to promote and advance the social and economic welfare of South Africans, promote a fair, transparent, competitive, sustainable, responsible, efficient, effective and accessible credit market and industry, and to protect consumers.’
With the Covid-19 pandemic still wreaking havoc, it is not exactly clear when we will wave the last wave goodbye.
Lenders try by all means necessary to protect their business interests, as indeed they are operating a business which needs to make profit and secure jobs for its employees.
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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