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 interest rate holds significant importance when purchasing a home as it determines the minimum monthly payments for your mortgage, directly impacting your cashflow and
You have found a property that appeals to you, sorted out the finances, and are ready to make an offer. So, what happens next? You
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
What are you paying for when you pay the transfer of property fees? Get your questions answered with O-YES Home Loans Question What do attorneys
You can, but it’s not recommended. An offer to purchase is a binding agreement between a seller and a buyer. Once it’s signed, there’s no going back,
Auctions are fast becoming one of the most popular ways to buy property in South Africa. With the drama of the bidding contest, make sure
The fees owed to the conveyancing attorney are one of the additional costs of buying a home. What are conveyancer fees for? Question What are
QUESTION What happens after you make an offer on a house? ANSWER You have to wait for the seller to respond to your offer to purchase.
The offer to purchase is a binding document between the home buyer and the home seller. It lists the conditions required for the deal to go ahead.
In the case of a joint bond, where a bond is guaranteed by at least two parties, one of the parties may decide to withdraw, or
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.
Overspending on home improvements can leave you seriously out of pocket when you’re ready to sell. It’s frighteningly easy to overcapitalise on a property and many people
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
Yes, the higher your deposit, the less risk you are for the bank. A higher deposit improves your chances of securing a more favourable interest
Over 90% of applicants who get prequalified through O-Yes home loans get approved for a home loan. A prequalification certificate gives you an accurate idea
The fees owed to the conveyancing attorney are one of the additional costs of buying a home. What are conveyancer fees for? Question What are
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
