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Posts Tagged 'Home loan application'

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Home Loan Qualifying Criteria in South Africa

With the high costs associated with buying a home, many people require a home loan to make this dream a reality. A home loan is a significant financial commitment, and it's important to know the requirements for qualifying for one in South Africa.

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My credit score and affordability are great, so why was I declined?

The bank will assess your application by way of a sustained affordability test – assessing future economic factors as well as current ones. The main ones include interest rates and inflation. Read on to learn more...

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Why Was My Bond Application Declined?

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.

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Bond Application - Why Did The Bank Adjust My Minimum Living Expense?

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.’

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A Good Credit Score is Only the Beginning – Here is More

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.

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Applying for a Mortgage – Where Do I Start?

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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