There is a misconception that a 'pre-qualification' on a bond means you are guaranteed that a bank has approved a home loan up to a certain amount. This is not true. Nondumiso Ncapai Head of Product for Absa Home Loans explains that many potential buyers say they have this, but what they really have is an assessment of what they can afford, which is determined by using a pre-qualification tool. 24 Aug 2020 Read more One of the key residential market trends in South Africa has been the move away from freehold homes into estate or complex living, largely because they offer increased security, and a sense of community. When you add to that list, the option of 'green' or 'eco', the appeal morphs into heightened desirability, attracting particularly environmentally-conscious buyers who respond to the value offered by green homes. 21 Aug 2020 Read more Dawie Roodt, chief economist at the Efficient Group, relates a story from many years ago, before he acquired all of his current financial wisdom. 18 Aug 2020 Read more With the number of interest rate reductions this year, a home loan or 'bond' is starting to look like a really attractive option if you need to access a large amount of cash, and fast. We're not talking about selling your home but rather accessing some of the equity in your property. 18 Aug 2020 Read more One of the emerging fears of those whose financial status has been seriously impacted by lockdown, is having their home repossessed by the bond holder. This is a very serious concern and can be life-threatening in terms of elevating already high levels of stress and anxiety, more so for those who even before the onset of the coronavirus pandemic, were surviving on a month-to-month basis. 17 Aug 2020 Read more
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