Your interest rate hinges on two key factors: the prime lending rate, set by the South African Reserve Bank, and the level of risk you
Facing financial challenges that make it difficult to meet your debt obligations may lead to your name being flagged by the credit bureau and placed
Home loan rejections due to low credit scores can be disheartening. In this article, we outline strategies to boost your credit record and explore alternative
Article Synopsis: High interest rates lead to reduced home prices and decreased competition. Lower interest rates boost demand and can enable profitable home sales. Experts
Leverage the advantages of a home loan comparison service that acts on your behalf to engage multiple banks, securing the most favorable deal for you,
Your credit score, a three-digit number between 000 and 999, plays a crucial role in determining your financial credibility and risk assessment. It is a
Coping with the challenges of bond repayment might seem like a nightmare, but there’s no need to panic. Rest assured, there are viable options available
Periodically, concerns arise regarding the payment structure of bond originators such as O-YES Home Loans, often questioning whether the commissions paid by banks to originators
The process of purchasing a home can sometimes feel never-ending. If you are working with a bond originator like O-YES Home Loans, you will have
Plot-and-plan means buying a plot of land and funding the construction of a property on that plot. There are pros and cons to this approach.
If you fail to pay outstanding debts, credit bureaus will add your name to a blacklist that will make it difficult for you to obtain
You will start paying your bond about a month after the bond is registered. Which specific date of the month your account gets debited can
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
Being pre-approved doesn’t mean you’re approved. It means you have an idea of what you would likely qualify for. The pre-approval process takes into account your credit
There are many reasons for multiple people to apply for a joint bond. For example, an unmarried couple can obtain certain benefits, and business partners may
From the parties and time periods to the process involved, O-YES’s three-step guide provides all the need to know when it comes to registering your
Usually, home loan applications are approved in principle within a couple of days, as long as all of the necessary documentation has been sent to
Banks require a clear credit record before they will consider approving your home loan application. However, a good credit record can’t be achieved overnight. If
Thinking about taking the plunge and changing your status from ‘renter’ to ‘homeowner’? If so, you’re not alone. Research shows that first-time property buyers are dominating the
One of the first things you learn about when considering buying a home is that you need a substantial deposit before making an offer to
O-YES Home Loans 12-step guide takes you through the entire process of buying your dream home, from making an offer to receiving the keys. “On
Any property investor will tell you, “the sooner, the better”. Here’s why investing at a young age is not only wise but more viable in
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
If you are unable to pay off debts, your name will be flagged by the credit bureau, and added to a blacklist; and it will
As a home loan specialist we can apply on your behalf to all the Major South African Banks as well as Specialist Home Loan Companies to tailor the correct home loan to secure your future purchase.
