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
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
While the percentage of first-time buyers among home loan applicants rose to 47% in the 12 months to end-January 2017 – its highest level in two years – only 39% of first-time buyers received bonds.
This is according to BetterLife Home Loans’ CEO, Shaun Rademeyer, who said
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.
In the past 12 months, 6% of home loans granted were switches from one lender to another. This is according to Peter Swartz and Nondumiso Ncapai, heads customer interaction and business development at Absa Home Loans.
There are many reasons why homeowners switch their mortgages from
Missing a bond instalment to fund festive season spending can mean it takes at least four months to catch up. Missed home loan repayments rise on average by more than 10% in December; and there is an 80% higher chance of customers missing a January repayment once
Almost half of all mortgage applications were declined in Q3 2016 compared with the same period last year. This is according to quarterly property statistics released by bond originator, ooba, which explains this is as a result of buyer’s lack of affordability.
“There has been a
Did you hear the one about the entrepreneur who got his bond approved without a hitch? No? That’s because this is rarely ever the case for entrepreneurs and self-employed individuals. Ironically, entrepreneurs’ permanent employees have an easier, far less suspicion-filled experience when doing a mortgage