Is applying for a home loan through your private banker the best option, when you have an alternative with bond originators? We examine the pros…
Category: Applying for a Bond
Will my partner’s poor credit score affect our joint home loan application?
Banks are required to comply by the National Credit Act in the granting of credit to applicants, so an impaired credit rating of any of…
Home loan interest rates: What you need to know in 2021
South Africa’s prime interest rate remains at a record low of 7%, thanks to a succession of cuts in 2020. This makes it a good…
How to clear your credit score if you want to buy a house
A good credit record is your most important asset when buying a house. Here’s how to clear your credit score and ensure you get the…
4 Reasons to get bond pre-approval before you buy a home
Obtaining bond prequalification will provide you with your credit score, along with a solid idea of what you can afford, before you start house-hunting. Article…
Why you should use a home loan comparison service
A home loan comparison service can apply to multiple banks on your behalf in order to secure you the best deal; plus their services are…
How to apply for a home loan
By having all your documentation ready it will make the home loan process much faster. Here is what you will need to apply for your…
You are interested in buying a property. Now What?
Here are some steps to help guide you through the process: What are you looking for? Start by making a list of what your property…
Home-buying market showing resilience, for now
Interest rate-induced demand remains strong; internal data shows bias toward middle-income segments. Data from the FNB Estate Agents Survey and FNB’s Property Valuers database both…
Calculate Your Transfer and Bond Costs
A property transfer duty is a tax payable by buyers of all types of properties and is over and above the selling price. Click here…
How to Improve your credit score to buy a property
It has been established for a long time that most South Africans are battling under the weight of debt. Individuals and households have continued to…
Are you getting the best home loan rate if you’re only applying to your bank?
You may be a loyal customer and believe that as such you’ll be offered the best home loan rate by your bank. But how can…
How to get a home loan if your bank declined your application
Article summary: Bond applicants do not get preferential treatment by going direct, as banks are governed by the National Credit Act and lending is regulated.…
How to clear your credit record before applying for a bond
A credit report reflects your financial health: what you spend your income on, whether you can afford the debt you have, and whether any lender…
The Advantage of a Deposit
38% of bank approvals are currently subject to a lower offer – there is therefore an increasing need for homebuyers to have a deposit available…
Getting it right, first time
An O-YES Consultant takes pride in his/her professionalism and would never prejudice service delivery to the homebuyer, lead provider or the banks by submitting an…
Your bond has been approved. What happens now?
You’ve found your dream home, made an offer, it’s been accepted and your bond has been approved. It’s all extremely exciting, but there’s still a…
Deposit or 100% bond?
There are many benefits to putting down a deposit for your first home, but in today’s tough economic climate, it may be more realistic to…
Clear Credit Record Necessary when Applying for a Bond
According to the Credit Bureau Monitor’s 2010 4th quarter report only 53.3% (9.90 million) of the 18.51 million credit-active consumers in South Africa were classified…
What is a good credit score if you want to buy a house?
If you want to know what your chances are of securing a home loan you’ll want to know what is a good credit score in…