Property Investment
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.
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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.
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?
Applicants must asked themselves why they want to enter the commercial property finance arena. If the want to buy the property they are operating from, it is one thing but if they want to enter the commercial property market for investing purposes, there are definitely “safer” options.
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.
Find out more about the slight differences in the Bond Approval Process when buying Off-Plan or in a new development...
It’s no doubt that 2023 was a tough year for real estate - unfavourable selling conditions, characterised by diminished affordability and tighter lending standards, have caused many homeowners to re-evaluate their decisions.
Some tidbits from an optimist - could 2024 be the Golden Year in Real Estate in South Africa?
One of the most crucial mistakes potential homebuyers make is failing to adequately prepare their finances before applying for a home loan. Failing to do so may result in loan rejections or unfavorable interest rates.
Commercial bond applications are notoriously complex and time-consuming. Submissions from bond originators are typically a ‘lead referral’, with no pre-assessment of the client. Phoenix Bonds offers a point of difference - we aim to streamline this process and ensure that only the applications with merit will be submitted, to ensure that a consistent stream of qualified buyers are delivered to our banking partners.
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