The question of whether it is better to pay off debt first or put money into savings is one with which most of us have had to grapple. As a rule of thumb, paying off debt first is usually the appropriate answer, as interest accrued
For those who believe in the merits of property investment and who wish to grow their portfolio, perhaps the most critical hurdle to overcome will be sourcing suitable property finance.
Many of the of the mainstream retail banks aren’t as eager to finance investment properties as primary residences,
When granting a home loan, the bank may require that a purchaser takes out life cover as security for the outstanding amount. The cession of a life insurance policy means to legally transfer a portion of the cover amount (the amount for which the bond
There have been a number of stories over the past few months where homeowners in financial distress have had their homes sold on auction for a mere fraction of what they are worth. In some instances, these clients’ homes have been repossessed by the lending
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
Today’s Monetary Policy Committee decision to cut interest rates by 25 basis points, means bond holders on a R1m home, paid off over 20 years, now save R170 per month on their bond repayments.
This is according to Herschel Jawitz, CEO of Jawitz Properties, who, along
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
Ah February, the month of the RA (retirement annuity) top-up.
To minimise their tax liability those with some extra cash will make an additional contribution to their RA or a voluntary contribution to an employee pension fund before the deadline on the 28th of February.