First-time Home Buyer
Wondering if you can use Airbnb income in your home loan affordability assessment? Maybe, it absolutely depends on the bank’s requirements and the paper trail of evidence you have to show the average income you earn from Airbnb.
Read the rest of entry »
The National Credit Act (“NCA”) of 2005 is a law designed to regulate the consumer credit market in South Africa. It aims to promote a fair and accessible credit environment, protect consumers, and encourage responsible credit practices. How does that shape the landscape for consumers?
Congratulations, your home loan was approved! Now what?
It’s time to start planning to move into your new home, or get a tenant for your investment property, and prepare for your very first home loan repayment. It’s essential to meet the deadline for every repayment on your home loan to ensure your credit score stays in tact and your chances of applying for more credit are not affected.
Most consumers are aware that any lender in South Africa doing a credit check on their personal profile could negatively affect their credit score. While this is true in some circumstances, it’s important for consumers to understand when it applies.
There are certain types of credit checks that affect a customer’s credit score, and some credit checks that will not affect scoring at all.
There are many different types of loans and methods of calculating and repaying interest. Your home loan is quite possibly the longest loan commitment you will make, so it’s critical to understand how the interest is calculated over the life of the loan, and what each repayment is actually made up of.
The prime rate has decreased three times by 25 basis points since September 2024, bringing the current prime rate down to 11%, which is good news for homebuyers. But why is it taking so long for the market to respond?
Discovery, in partnership with SA Home Loans, has introduced a home loan offering that incorporates its signature rewards-based approach. Clients have the opportunity to receive up to a 1% interest-rate discount based on their financial behaviour and engagement with Discovery products. But is it worth pursuing?
If you’re thinking of buying property, but wondering how your marital status will affect the requirements for you home loan application, or whether you need to include your spouse in the process, this article is for you.
We're more than just mortgage brokers. Find out what a premium mortgage broker can do for you.
From a new government committed to the principles of free enterprise and private property rights, to exceptionally strong recovery of manufacturing sales and imminent easing of lending rates - A brief “good news” outlook on the political and economic landscape in South Africa, from renowned and highly respected economist Dr. Roelof Botha.
Get the latest updates in your email box automatically.
Your nickname:
Email address:
Subscribe
Get Started