ARTICLES RELATING TO HOME LOANS

Home owners battle to pay bonds

2014-10-30 20:17

South Africans are finding it more difficult to keep up with their mortgage payments as the cost of living and interest rates climb, says one of the big four banks.

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Whether you’ve paid your home loan early, or are battling to pay due to issues with debt, banks have internal systems that need to be followed, a home loan expert warns.

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Stay away from 30-year home loans, says bank

2014-10-16 10:30

Potential home owners need to look very carefully at the financial impact of the additional interest when taking out a bond over a 30-year period.

How others can help with first home

2014-10-01 10:49

Friends and family members can now help each other to access the property market through a new banking product.

Capitec to offer home loans

2014-06-02 11:06

Capitec Bank has announced that it will launch a home loan offering in answer to market demand.

Debt judgment expected in ConCourt

2013-12-11 22:00

A couple should hear their fate on Thursday, when the Constitutional Court is expected to hand down judgment regarding the National Credit Act.

Don't go the bond originator route

2013-11-08 10:05

Go straight to your bank and avoid bond originators, says a Fin24 user who had a bad experience involving the intended buyer of his property.

Transferring a bond to your name

2013-10-31 17:24

A Fin24 expert advises on the financial implications of transferring a bond to ones name?

Don’t let your house fall between the cracks

2013-10-26 09:00

Repaying your bond is one of the most important financial commitments to make.

Don’t let your house fall between the cracks

2013-10-23 13:23

Repaying your bond is one of the most important financial commitments to make.

Can I negotiate my home loan interest rate?

2013-09-12 13:59

Advice for a Fin24 user and prospective home buyer who wants to know if he can determine rates before putting in an offer to purchase.

Early bond cancellation blues

2013-07-10 10:28

Why do banks need to levy a penalty when homeowners wish to cancel their bond early, asks a worried Fin24 user.

Ooba sets 5-year home loan approval high

2013-06-18 11:22

Mortgage bond originator Ooba has in May recorded the company's highest value of home loans‚ a 21.3% increase on a year ago.

Joint bond headache

2013-04-18 13:06

A divorced Fin24 user is struggling to get his former wife’s consent to sell their house.

Home loans can pack a powerful punch

2013-03-18 12:45

A home loan does not just enable a person to buy a property‚ but can be a useful debt instrument or even interest savings mechanism, according to FNB.

First-time homebuyers on the rise

2012-08-14 14:27

The residential property market has seen continued year-on-year growth in property prices, especially for first-time buyers, says bond originator ooba.

Most in SA don't qualify for home loans

2012-02-02 15:05

At least 83 percent of nearly 14 million households are not eligible for mortgage finance from banks, says the SA Institute of Race Relations.

Sabric: Beware of home loan scams

2011-09-19 13:46

The SA Banking Risk Information Centre says consumers should be wary of fraudsters offering to bail out debt-ridden home owners.

Banks approving more home loans: ooba

2011-05-23 11:37

Mortgage originator ooba says banks declined fewer home loan applications in April compared to a year ago.

More blacks have paid-up homes: study

2011-01-24 12:39
79 comments

The SA Institute of Race Relations says its research shows more black people live in homes which are fully paid for compared to other race groups.

Avoiding the negative equity 'monster'

2010-08-04 10:19

Negative equity can "bite hard" when rising interest rates make it difficult for home owners to pay monthly loan instalments.

 
Gallery

The declining affordability position of consumers to land a bond to buy a home is the result of soaring living costs, says an industry expert.

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Gallery

Whether you’ve paid your home loan early, or are battling to pay due to issues with debt, banks have internal systems that need to be followed, a home loan expert warns.

0 comments 3054 Views

Stay away from 30-year home loans, says bank

2014-10-16 09:29

Potential home owners need to look very carefully at the financial impact of the additional interest when taking out a bond over a 30-year period.

What you need for a bond application

2014-08-26 16:48

A Fin24 user is saving to buy his first property and wants to know banks' criteria for successful bond applications.

FNB hikes prime rate to 9%

2014-01-29 17:23

First National Bank was the first of the big four banks to announce that it is increasing its prime lending rate to 9.0% following a surprise rate hike by the Reserve Bank.

Registration costs

2013-11-08 15:59

To avoid paying separate bond and registration costs, some banks include it in the bond amount, says a Fin24 expert.

Using a bond originator or not

2013-11-01 16:48

Should prospective home buyers apply directly to a lending institution for a mortgaged loan, or use the services of a third party bond originator?

UK mortgage muddle

2013-10-30 10:47

Inflating home prices with too-cheap-to-be safe home loans is not a good idea, says Edward Ingram.

Don’t let your house fall between the cracks

2013-10-25 11:30

Repaying your bond is one of the most important financial commitments to make.

Significant shift in home loans market

2013-09-26 13:21

Although fewer small business owners apply for home loans, their average bond size is over 40% more than their salaried counterparts, a report shows.

Property clearance cerificate alert

2013-08-12 15:18

Buying a property could also mean taking on municipal debts older than two years, warn property experts.

Should you dribble money into your bond?

2013-07-02 18:18

Why paying a 10% deposit and an extra monthly amount into your home loan is one of the smartest savings moves you could make.

Good news for lower-income home buyers

2013-04-09 11:11

SA Home Loans has announced its entry into the affordable housing market, a move that spells good news for house hunters earning less than R18 000 per month.

Buying your first home?

2013-04-04 20:30

Click here for a step by step guide through the pitfalls for property virgins.

Banks taken to task over repossessions

2012-08-17 15:04

An advocacy group has taken SA's big four banks as well as the Reserve Bank to the high court for a full investigation into the banking system.

Handful of home loans approved in Africa

2012-06-10 12:11

Although African countries have huge populations, access to home loans is limited and home loan debt is negligible as a percentage of GDP.

Nedbank offers hi-tech debt monitoring

2012-01-24 08:11

Bank clients can look for options to save their homes from repossession when they are in danger of falling back on payments.

Banks approve more bonds - ooba

2011-07-08 12:35

Bond originator ooba says there has been high growth in bond applications and an increase in the value of bonds approved in the last quarter.

Nasty surprise as bank adjusts rates

2011-06-21 23:03
97 comments

Homeowners are fighting back after the interest rates on their bond repayments were quietly hiked.

Residential property plays catch-up

2011-04-06 11:44

Commercial property is no longer the best bet as the performance gap with returns on residential narrows, writes Joan Muller.

Sexwale: State must monitor home loans

2010-11-29 16:49

Human Settlements Minister Tokyo Sexwale says his ministry should keep tabs on banks' lending patterns to ensure there is no discrimination in awarding home loans.

'Unreasonable' to pay house deposit

2010-06-29 12:03

More than a quarter of South Africans polled do not feel it is equitable to have to pay a deposit when buying a home, a survey shows.

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