Affordable Housing In SA To Receive A Boost

Affordable Housing In South Africa

Timothy Akinnusi, Nedbank Home Loans’ head of sales, said the bank was delighted at the partnership with the French Development Agency (AFD) to help make home ownership a reality for qualifying entry-level buyers and offer a boost to Affordable Housing in SA. New Grants For Affordable Housing In SA Clients who apply for a mortgage through Nedbank Home Loans and … Read More

Staff WriterAffordable Housing In SA To Receive A Boost

New Gap Housing Development In Cape Town

The city of Cape Town will be launching its largest mixed housing development, providing home for over 2000 new residents who are already on housing waiting list. Public viewing for the new Pelican Park development, which is near Zeekoevlei, is set to open in October. In April last year the Western Cape Premium and the Major of Cape Town attended … Read More

Staff WriterNew Gap Housing Development In Cape Town

Gap Housing Finance

In February 2012 the government announced that a R1 billion fund to assist people whose salaries are too high to qualify for free RDP houses, but who are also unable to qualify for a normal bank home loan. The fund was setup to incentives the private banking and housing sector, to develop new products and solutions that will meet the … Read More

Staff WriterGap Housing Finance

FNB Pre Approved Bonds

FNB are currently one of the major home loan providers in South Africa. FNB Home loans along with ABSA, Standard Bank and Nedbank service the majority share of the home loan market. But non of these bank currently offer their clients a comprehensive home loan pre-approval. And it is currently not possible to get a full pre-approved bond from FNB. … Read More

Staff WriterFNB Pre Approved Bonds

Edgars Home Loans

In 2006 Edgars announced that it would be offering a range of financial products to their customers, one of those would be the new Edgars Home Loans which would be underwritten by FNB Home Loans – on of the largest mortgage lenders in South Africa. Edgars forms part of the larger Edcon group which also runs other retails stores such … Read More

Staff WriterEdgars Home Loans

ABSA Home Loans For Low Income Earners

The banks typically consider low income earners to be those clients who are currently earning below R15 000 or R16 000 per month. When it comes to home loans, clients who fall into this category are assessed slightly differently. ABSA Home Loans was one of the first banks to announce, in 2010, that they would be offering home loans for … Read More

Staff WriterABSA Home Loans For Low Income Earners

Steps Of Registering A Property

The property registration process can be long and drawn out. Each property transaction is very unique and there are many potential hiccups that could occurs along the way. The average timeframe for a new property transfers is about three months, and involves a number of different people and organizations. The list of parties involved in most property purchases are: The … Read More

Staff WriterSteps Of Registering A Property

Home Loans For Repossessed Houses

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Bank repo houses have become very popular and most buyers are looking out for these types of properties before actually committing to buying a normal residential home. Bank repo houses offer the potential of securing a great bargain on your next property purchase. Most repossessed properties are selling well below their true market value. The reason for this is before … Read More

Staff WriterHome Loans For Repossessed Houses

What Is A Flexi Reserve ABSA Home Loan?

short-term-loans

The Absa Homeloans Flexi Reserve is an access bond facility that allows you to withdrawn any extra funds from your bond account that you have saved into it. If you have a Flexi Reserve account, you will be able to deposit extra funds into your home loan account at any time, this will help to lower the interest charged on … Read More

Staff WriterWhat Is A Flexi Reserve ABSA Home Loan?

Using A Paid Up Property As A Deposit For A New Bond

Securing a home loan these days can be a bit like jumping through a bunch of hoops. The banks are certainly very cautious about you they are going to lend money to. On the other hand, if you already own a paid up property you its the banks that will be doing the running to get you as a client. … Read More

Staff WriterUsing A Paid Up Property As A Deposit For A New Bond