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Private bankers vs bond originators for home finance

Is applying for a home loan through your private banker the best option, when you have an alternative with bond originators? We examine the pros and cons.

Posted at 11:07AM Aug 27, 2021 by Editor in Home Loans  | 

How important is it to have a deposit when buying a house?

Having a deposit is always preferable. In most cases, banks offer you better interest rates when you have a deposit. This provides you with the knowledge that you have equity in your property.

Posted at 02:39PM Jul 29, 2021 by Editor in Home Loans  | 

The difference between 'ordinary' home loans and 'building' loans

Whether you are buying a pre-owned property or a newly-built home, the home loan you will need is what the banks call an "ordinary" loan, and in most cases you will only have about 30 days to confirm to the property seller that your loan has been approved.

Posted at 09:14PM Oct 22, 2018 by Editor in Home Loans  | 

A good credit record key to getting a bond

When it comes to applying for a bond, it is vital to have evidence of excellent credit-worthiness.

Posted at 09:22AM Oct 02, 2018 by Editor in Home Loans  | 

Higher bond numbers show banks still bullish on real estate

There has been a 4,2% increase in the number of bond approvals over the past 12 months, despite a 2,9% decline in the number of home loan applications.

Posted at 09:45AM Sep 10, 2018 by Editor in Home Loans  | 

Repo rate remains at 6.5%

The Reserve Bank's Monetary Policy Committee (MPC) yesterday announced that the repo rate would continue at 6.5% and the base home loan rate at 10%.

Posted at 06:35AM Jul 20, 2018 by Editor in Home Loans  | 

Home loan approvals up

The level of financial stress in the residential property market has declined significantly and has possibly been a major factor in the improvement in home loan approval rates to their highest level since the implementation of the National Credit Act.

Posted at 07:18AM Apr 30, 2018 by Editor in Home Loans  | 

Islamic banking offers alternative form of mortgage loan for everyone

Islamic banking offers an alternative to people wanting to buy property, and anyone can use it, regardless of religion or ethnicity.

Posted at 11:23AM Apr 23, 2018 by Editor in Home Loans  | 

Fewer buyers, but banks grant more home loans

There has been a 4% increase in the number of home loans granted over the past 12 months, even though the number of home loan applications has fallen off by a similar percentage.

Posted at 06:59AM Apr 16, 2018 by Editor in Home Loans  | 

What the rate cuts mean for property owners and buyers

The Reserve Bank decided on Wednesday to cut its repo rate by 25 basis points to 6,5% and the prime rate and home loan "base" rate from 10,25% to 10%.

This move will translate, for existing homeowners, into a saving of R151 a month on a 20-year loan of R912 000 - the current average approved bond size, according to Rudi Botha, CEO of BetterBond.

Posted at 11:59AM Mar 29, 2018 by Editor in Home Loans  |