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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

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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

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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

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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

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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

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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

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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. The government

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The average price paid for a new home in South Africa between January and end-October was R1,12m, while the average approved bond was R893,000, according the statistics from BetterBond. That’s a shortfall of R227,000 and could be the reason for not being able to buy

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Q Hi, I got a joint bond with my nephew back in 2008. I am the one repaying the bond debt, but he helped me secure the bond because I could not afford it back then. Now I have noticed that he made loans at the

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Nearly half of all new home loan applications received by bond originator, ooba, are from buyers who have no access to a deposit, but 74% of these applicants are successful in their bid to secure 100% bonds This is according to Kay Geldenhuys, property finance processing

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