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Monday Jun 12, 2017

Courts foils penalty for late bond payment

A couple from Meyersdale, Joburg, nearly lost their home as the bank that held the mortgage bond agreement, insisted they pay back the entire outstanding bond for being two weeks late on their payment.

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Thursday Jun 08, 2017

Older buyers show the power of home equity

Buyers over-50 are currently paying about twice as much for their homes, on average, as buyers under-30, but only about 30% more on their monthly bond repayments.

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Monday May 29, 2017

Bid to end banks' 'unfair' rejection of applications

The Home Loan and Mortgage Disclosure Amendment Bill seeks to amend the Home Loan and Mortgage Disclosures Act of 2000.

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Unchanged repo rate 'helps but won't boost consumer confidence'

The Monetary Policy Committee missed an opportunity on Thursday to boost consumer confidence and market sentiments, say some property practitioners in reaction to the repo rate remaining unchanged at 7%.

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Tuesday May 23, 2017

Gap market mortgages for buyers

Public servants who are in the gap market are expected to start streaming through the doors of the new Human Settlements Development Bank in October to seek mortgages.

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Monday May 22, 2017

How difficult is it to get a bond after 45?

South Africa's National Credit Act stipulates that you cannot be discriminated against when applying for finance on the grounds of age, (among other things), but the borrower must pass an affordability test.

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Thursday May 04, 2017

Is switching your homeloan worthwhile?

While not as common as it once was, there could be some benefit to switching one's home loan to another financial institution, provided the homeowner keeps an eye out for any hidden costs and compares apples to apples, says Adrian Goslett of RE/MAX.

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Friday Apr 21, 2017

How to avoid being turned down for a home loan

When you apply for a home loan, lenders will look at many factors before deciding whether to approve your application or not - and if you don't "pass the test" for any one of these they are quite likely to turn you down.

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Monday Mar 06, 2017

Interest rates cut expected later in year

Old Mutual Investment expects the South African Reserve Bank (Sarb) to cut interest rates by 50 basis points in the second half of the year due to a stabilising rand and lower inflation outlook, it said yesterday.

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Monday Feb 13, 2017

New mortgage lending: 2017 may be weaker than 2016

The South Africa Reserve Bank Leading Indicator has recently started to edge higher, a reflection of some recent global economic growth improvements which can contribute, along with domestic drought alleviation, to mildly higher economic growth this year.

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