Insights

Insights - News Blog

From category archives: Phoenix Bonds News Blog

Home Loan Application Process

How to Use Portal Data to Win More Listings

When it comes to winning a seller’s mandate, the way you present data can make or break your pitch. Many agents fall into the trap of relying on outdated sales data - comparing what sold six months ago. But the market moves quickly, and sellers want to know what’s happening now. That’s where property portals like Property24 and Private Property become powerful tools - not just for buyers, but for agents at the listing table.

Read the rest of entry »

Why Buyers Go Silent – And What That Really Means

If you’ve been in real estate for any amount of time, you’ve probably experienced it: A buyer makes an enquiry, you reach out, maybe even connect them to a bond originator for prequalification… and then silence. No calls back, no emails, nothing. It’s easy to assume they’re being rude or that they’ve lost interest - but the truth is often very different.

Read the rest of entry »

When Is the Bond Clause in a Sale Agreement Actually Met?

For both buyers and sellers, clarity on the fulfilment of the bond (financing) suspensive clause is crucial. Under South African law, and in particular the National Credit Act, knowing whether “grant of bond” or “acceptance by the purchaser” triggers fulfilment can determine whether a sale proceeds - or can be lawfully challenged.

Read the rest of entry »

How Banks View Commission and Overtime When You Apply for a Home Loan in South Africa

If you earn a basic salary plus commission, overtime, or bonuses, you’re not alone. In South Africa, many professionals — from salespeople to nurses to freelancers — have variable income structures.

But when it comes to applying for a home loan, it’s important to understand how banks view this kind of income. Spoiler alert: it’s not treated the same as a guaranteed salary.

Here’s what you need to know.

Read the rest of entry »

Why Higher Education Improves Your Chances of Getting a Home Loan in South Africa

In South Africa, owning a home is a major milestone — and for many, that journey begins with qualifying for a home loan. While income, credit score, and expenses are the main ingredients banks assess, there’s another factor that plays a bigger role than most people realise: your level of education.

Here’s why having a diploma, degree, or other post-matric qualification can significantly increase your chances of getting that all-important home loan approval.

Read the rest of entry »

What Really Happens to Your Home Loan Application Before a Credit Analyst Sees It

Most people think that once they’ve submitted their home loan application, it heads straight to a credit analyst who decides whether it’s approved or declined. In reality, there’s a lot that happens before it even reaches a credit analyst’s desk — and if you’re not prepared, your application might not even make it that far.

Here’s a behind-the-scenes look at the early part of the bond journey — and why preparation is everything.

Read the rest of entry »

Subscription

Get the latest updates in your email box automatically.

Search

Archive