My credit score and affordability are great, so why was I declined?

Posted on 10/14/2022 7:12 PM By Hannah van Deventer

The bank will assess your application by way of a sustained affordability test – assessing future economic factors as well as current ones. The main ones include interest rates and inflation. Read on to learn more...

Popular tags: home loan, interest rates, REPO rate, mortgage bond, bond originator, home loan application, best home loan interest rates, credit score, risk profile

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

Posted on 5/20/2022 9:50 AM By Hannah van Deventer

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 20^th 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.

Popular tags: interest rates, home loan interest rate, REPO rate, home buyers

Against The Grain - Where The Hype Of The Time Is

Posted on 5/10/2022 3:39 PM By Hannah van Deventer

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. 

Popular tags: interest rates, property market, home loans, home loan registrations