This is not an article about finding an extra couple of hundred bucks and putting it into your bond each month. It is not about moving your debit order from the 1st to the 25th, or putting half your annual bonus into your home loan.
Today the Monetary Policy Committee kept the repo rate (6.5%) stable, with prime remaining at 10%.
Here’s what market commentators had to say.
Andrew Golding, CE of Pam Golding Property group
[caption id="attachment_1747" align="aligncenter" width="1632"] Dr Andrew Golding, CE of the Pam Golding Property group.[/caption]
“…growth prospects for the
We all know that the credit bureaus compile information on all credit transactions we are involved in and make these reports available to financial institutions and potential lenders when we are looking for credit, financing or a loan. We understand that they generate a score
Did you know that if you have a home loan and something bad happens to you, you could lose your home. If you can no longer afford to make the bond repayments because you get sick, become disabled, or even die, the bank could sell
If you are fortunate enough to own a piece of land in an urban area or prefer to buy a stand and build the house of your dreams from scratch, there are a few important factors to consider when applying for a building loan from
The Monetary Policy Committee met for the last time in 2017 and, as expected, left the repo rate at 6.75% (prime at 10.25%).
Not even a slowing inflation rate of 4.8% was enough to convince the bank to a 25 basis point cut, citing uncertainty in
One of the most stressful parts about buying or building a new home is the waiting period between submitting your documents and essentially receiving a yay or nay from the four major commercial banks.
Understanding each bank’s criteria for lending and how much risk appetite they
Buyers paying between R362,873 and R664,093 are most highly dependent on receiving 100% bonds to be able to afford their new home purchases. In fact, more than two thirds (62.28%) of loans in Q4 2016 in this purchasing price band received 100% and higher bonds.