'Ensure your chances of bond approval'
While the recession might still be fresh in the minds of some consumers, it appears that more prospective buyers are looking to enter the property market. The good news for these buyers is that banks have relaxed their lending criteria slightly and bond approval rates have increased, says Adrian Goslett, CEO of RE/MAX of Southern Africa.
[Read More]Posted at 08:36AM Apr 25, 2012 by Editor in Home Loans |
Deposit requirements fall as property prices drop
The average home purchase price being paid by buyers applying for mortgage finance dropped 3% from R817 684 in February to R793 332 in March - and was also 1,8% down on the figure for March 2011.
[Read More]Posted at 10:43AM Apr 13, 2012 by Editor in Home Loans | Comments[15]
'Be honest with bank on bond application'
It is necessary to be completely open and transparent with banks when applying for a bond, says Lynette Ferndale, a conveyancer with Gunstons Attorneys.
[Read More]Posted at 08:11AM Apr 02, 2012 by Editor in Home Loans | Comments[2]