'Most households can't get a property mortgage'

About 83% of the nearly 14 million households in the country do not earn enough to qualify for bank housing loans, according to the latest SA Survey, published by the South African Institute of Race Relations (SAIRR) last week.

Posted at 08:45AM Feb 03, 2012 by Editor in Home Loans  |  Comments[1]

'Banks will still hold the reins as lending rates are maintained'

The residential property market will continue to be driven in 2012 by the banks, says Rudi Botha, chief executive of mortgage originator Betterbond.

Posted at 08:00AM Jan 31, 2012 by Editor in Home Loans  |  Comments[1]

Avoiding the dangers of further advances

SA consumers are definitely "wising up" when it comes to the high interest rates charged on credit card balances and other debts, and many homeowners among them are taking advantage of the current low home loan interest rates to escape these.

Posted at 07:54AM Jan 26, 2012 by Editor in Home Loans  |  Comments[0]

'Repo rate to stay unchanged till 2013'

Cadiz Asset Management economist Adenaan Hardien maintains his view that the repo rate will remain unchanged until the first half of 2013.

Posted at 08:36AM Jan 20, 2012 by Editor in Home Loans  |  Comments[0]

'Borrowers in the pound seats as bank battle restarts'

There are strong indications that, after a three-year lull, the Battle of the Banks for home loan market share is about to heat up again - to the benefit of homebuyers and the property market in general.

Posted at 08:17AM Jan 19, 2012 by Editor in Home Loans  |  Comments[1]

'Banks will still hold the reins in 2012'

The residential property market will continue to be driven in 2012 by the banks and whatever their appetite is for lending.

Posted at 09:27AM Jan 06, 2012 by Editor in Home Loans  |  Comments[1]

Home loan applications increase

ooba, a South African bond originator, on Monday said it recorded a substantial increase in the number of home loan applications submitted during November 2011, as well as a significant rise in the value of approved bonds.

Posted at 01:45PM Dec 21, 2011 by Editor in Home Loans  |  Comments[4]

Bigger deposits bring big benefits

Many people are irked by the fact that 100% home loans are no longer freely available, but on the other hand it must be said that the bigger the cash deposit that potential homebuyers can make, the more benefit they will derive, even when interest rates are low.

Posted at 08:11AM Dec 20, 2011 by Editor in Home Loans  | 

'Should you fix your interest rate?'

With the interest rate at a low that we last saw 38 years ago, it is no wonder that homeowners are contemplating fixing the interest rate on their bonds, says Adrian Goslett, CEO of RE/MAX of Southern Africa.

Posted at 06:30AM Dec 14, 2011 by Editor in Home Loans  |  Comments[3]

Getting a 13th cheque? Use it to reduce your home loan, says mortgage expert

Employess fortunate enough to receive a bonus this December should consider using a portion of it to pay off their home loans, before indulging in festive season spending.

Posted at 06:30AM Dec 12, 2011 by Editor in Home Loans  |