Insights

Insights - News Blog

From category archives: Phoenix Bonds News Blog

Home Loans

Applying for a mortgage as a Non-South African Citizen

You don’t need to be a South African citizen to buy property in South Africa. You can apply for a home loan as a foreigner directly through one of our experienced mortgage brokers. Working with a mortgage broker allows you to apply once and receive multiple offers at all the main South African banks. The best news – our services are totally free of charge.

Read the rest of entry »

Self-Employed? Preparing a successful Home Loan Application

Self-employed home loan applications are notoriously more difficult to get approved than other types of applicants – but they don’t have to be. In many instances, self-employed purchasers can afford the bond… it’s just about knowing what documents are needed. Understanding what the banks require and why is the best starting point for applicants.

Read the rest of entry »

What Mortgage Bond Can I Afford?

The banks’ criteria for the maximum loan-to-value (LTV) depends on the applicant type. LTV is the loan amount offered by the bank, divided by the purchase price of the property.

Read the rest of entry »

What to look for when comparing Home Loan offers

It’s great to have a selection of home loan quotes to choose from. You can save yourself significant amounts of money in the long-term by choosing the best home loan quote. But how do you determine which one is the best?

Read the rest of entry »

How do interest rates affect inflation? And why does it matter?

There are many things to look at when purchasing a property, but the first step is knowing what you can afford. Our bond originators will assist with a prequalification or affordability assessment free of charge.

Read the rest of entry »

SARB Raises Interest Rate - Of Interest Is What One Can Do

The Reserve Bank of South Africa (SARB) recently announced that the Monetary Policy Committee (MPC) had decided to raise the repo rate by 50 basis points, to 4.75% with effect from the 20th of May 2022. This is a departure (though not shocking) from a trend that the market had got accustomed to, where the rate mostly fluctuated on a quarter point basis.

Read the rest of entry »

Against The Grain - Where The Hype Of The Time Is

In the past two years it has been opined that due to the economic slump caused by the Covid-19 pandemic worldwide, the property market will also not be spared in seeing lower sales.

While that cannot be denied in some quarters, there have been significant sales encountered in some areas in the South African property market. Of course, this is a classic case of going against the grain as any other market was expected to experience lower sales that those actually realised. 

Read the rest of entry »

Window Shopping For Home Loans

Perhaps some of us have been to a mall to buy a few items and soon after purchasing those goods, passed by another shop only to see the very same items at a much lower price! In as much as people react to situations differently, most people would be disappointed to find themselves in this situation. 

Read the rest of entry »

Is A Flexi/Access Bond The Right Option For You?

“Dear Phoenix Bonds, I am encouraged by the excellent and warmly service that my nephew says he received from you. I am writing to you because I have also decided to utilise your services in purchasing my first immovable property. However, may you kindly assist me to understand what a Flexi/Access Bond facility is? Thanking you in advance.

Adriaan, Bedfordview

Read the rest of entry »

Added Benefits For First Time Homebuyers

From the time of visiting a preferred area to hunt for a suitable property, applying for a bond, registering the bond, transferring the property to the day of occupation, it is quite an involved process with many role players playing their part.

Read the rest of entry »

Subscription

Get the latest updates in your email box automatically.

Search

Archive