Property Loans - SA Bond Originator

Feedback like this is so humbling and makes my job so worthwhile ❤️🤩 Thank you Hailey for you kind words.

📣 Full 108% bonds are back!

🏦 Standard Bank has updated its qualifying criteria for the First Time Home Buyer Cost Inclusive Home Loan.

🎉 Customers can now qualify for up to 108% of the loan amount and the cap has increased to R2.2mil.

Thank you Gregory.
It makes my job all that more rewarding when I'm able to support first-time buyers with one of their most significant investments. 🤩

📈 The current Prime Interest Rate is: 11.75%

🏘️ Can I Borrow Against My House To Buy Another House?

Borrowing against your existing home to buy another house is commonly referred to as refinancing your existing property, or applying for a home loan on your bond-free property. Borrowing against your existing home is only possible if there is enough equity in the property.

How can I borrow against my house to buy another house?

Equity is the difference between what you owe on your bond and what your house is worth. For example, if you owe R1 million on your bond, but your house is worth R2 million, you have R1 million in equity. You can use this equity to buy another house or for any other purpose. Provided that you are able to qualify for the loan.

By refinancing your existing property, you are essentially applying to a new larger mortgage on your property and replacing the previous bond on that property.

https://propertyloans.co.za/4669/can-i-borrow-against-my-house-to-buy-another-house/

Can I Borrow Against My House To Buy Another House? - Property Loans Yes, it is possible. The process of borrowing against your existing home to buy another house is commonly referred to as refinancing your existing property, or applying for a home loan on your bond-free property.

📢 The South African Reserve Bank (SARB) will announce its decision on the repo rate on Thursday, 23 Nov 2023.

This is the final interest rate announcement for 2023 and consumers will be hoping that SARB Governor, Lesetja Kganyago, will offer some relief in the form of a rate cut.

📈 However, economists are not optimistic about the prospects of a lower interest rate, as inflation pressures and a weak rand continue to pose challenges for the SARB.

The consensus among analysts is that the repo and prime interest rates will remain unchanged at 8.25% and 11.75%, respectively, until the second half of 2024.

What Is The Cheapest Home Loan In South Africa?

One of the most common questions our clients approach us with is: what is the cheapest home loan in South Africa?

South Africans are fortunate to have several home loan providers, and each has its own unique bond offerings with various benefits and advantages.

With such a diverse landscape of home loan products available, it becomes challenging to navigate the options without the support and guidance of an experienced bond originator.

Depending on your unique situation, the cheapest home loan in South Africa might be a home loan from Old Mutual with a FLISP top-up, or it may be a bond with Investec with discounted banking and attorney fees.

Read More: link in comments👇

Your eggs. Don't put them in one basket. 🧺

- use a bond originator
- our service is free
- get multiple bond offers

Testament that hard work and perseverance reaps real rewards 💫

Our clients are top priority always 💯

What is the most stressful part of buying a house?
😫😬😵

Fact: The current prime interest rate is so low right now that homeloan finance is more affordable than it's been in nearly 50 years. 🤩

Reserve Bank’s jump start



- via BusinessLIVE

These are the four biggest trends hitting the market since lockdown began:
1) Negotiated payment plans
2) Airbnbs converting to long-term lets
3) Unfurnished properties taking preference
4) Tech-enabled rental services

These are the 4 biggest rental market trends in South Africa right now Like most real estate sectors, the rental market has been deeply affected by Covid-19 and landlords around the country have had to adapt quickly in order to make the most of a difficult situation.

Record-low sweetens the deal for first-time homebuyers as well as property investors.

Best home buying conditions in decades - Property Professional The property sector welcomes the latest rate cut because it spells relief for financially stressed home-owners and record-low interest rates sweetens the deal for first-time home buyers as well as investors.

South African banks are upping their lending to home buyers and, if the growth in mortgage advances continues, it will contribute to an uptick in the residential property market. 😃

Highest growth in home loans since 2010 Year-on-year increase of 4.9% in August bodes well for the property sector.

Property Loans updated their business hours.

Landlords grow rich in their sleep. Its time to invest. Think value and not cost.

Buying real estate is not only the best way. It is the quickest way, the safest way, and the only way to become wealthy – Marshall Field

If there is a home loan involved, the title deed to your property will be held by the bank.....until such time as the loan has been repaid in full.

On the surface of it, it seems logical that once you buy a property, you should receive the title deed. However, when there is a home loan involved, it is not quite as straightforward. Find out why: http://www.snymans.com/advice/why-was-i-not-given-the-title-deed-for-my-property/

your legal questions relating to property.

Home Loans For South Africa Citizens Living Abroad

This guide looks at the home loan requirement for South Africans living and working overseas, but are looking to purchase property in South Africa...

Continue Reading:
http://buff.ly/1bk4gBB

Property Loans's cover photo

Home Loans For Lower Income Earners

All the majors banks in South Africa now offer home loans for low income earners. These bonds are available to families who are unable to qualify for RDP houses, housing subsidies, or who were previously unable to meet the minimum requirements to secure a home loan from the bank...

Read More:
http://buff.ly/12sLzCi

Home Loans For Foreigners Buying In South Africa

When the banks consider granting home loans for foreigners, they will typically categorize their clients into two major groups. Those living and working within SA borders, and those who are wanting to buy a property in South Africa but living or working abroad or outside of South African Borders...

Read More:
http://buff.ly/1dhduuX

First Time Home Buyers Guide To Home Loans - Property Loans

A short concise first time home buyers guide to securing the home loan you'll need to buy your first property in South Africa...

Read More:
http://buff.ly/1d94nfX

How To Reduce Your Home Loan And Pay It Off Quicker - Property Loans

For most people, buying a house is going to be their biggest financial investment, and despite this we often give little serious thought to the fact we'll be committed to paying a bond for the next 20 or 30 years.

Interest charges on a homeloan and amount to almost double the initial price of your property.

Here are some tips to reduce the interest on your bond and pay it off quicker...

Continue Reading:
http://buff.ly/122Ctkk

Frequently Asked Questions About Bond Origination - Property Loans

Which banks do you apply to?
We apply to all the major banks. If you are already a client of one of these banks we will apply to that particular bank first, based on your application requirements.

Will I be able to directly compare the different packages offered?
Yes. Your consultant will explain the different packages the banks are will to offer you...

See More at http://buff.ly/14Qdij7

Our current prime interest rate of 8.5% is the lowest in more than 30 years