Loan repayments used to be confusing and difficult to calculate. Quite a lot of information and understanding is needed and one normally would have to use a good financial calculator. Even then, it was often not entirely accurate. Whoever was calculating it for you would often fly through the figures and information at lightning speed […]
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As a first-time potential homeowner, it can be quite a daunting task ahead of you if you are unsure of the requirements and documents you will need to ensure that your application for a bond is successful. Here are some of the requirements and documentation that you will need to avoid disappointment on applying for […]
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Share0 Share +10 Tweet0 A bond is one of the lowest interest loans you can get and there are many times a second bond is a good idea. These are times too when they are not the best plan of action.
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Share0 Share +10 If your credit status is bad, you won’t get a home loan approved… If you are in the market for a new home, you a more than likely going to have to approach a bank and apply for finance as not many of us today can afford to buy a house with […]
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Share0 Share +10 Did you know that most banks insist that you have life cover? The need for life insurance when you apply for a bond is an important decision to make in the case of a single family member being responsible for the monthly bond repayments.
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So you found your dream home and you have approached the bank and after jumping through some hoops with paperwork, various banking personnel you find that your application has been rejected due to some algorithm on the banking system. It doesn’t matter who you try and speak too, the bank’s systems are in place and […]
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Many South African are opting for the security and convenience of a boomed/gated community or a lifestyle estate. Their numbers and popularity are growing exponentially in most areas and they offer many advantages over free standing homes. Security is the main factor driving the demand but there is also a lot less reasonability in terms […]
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There are two schools of thought on property ownership with many seeing it as one of the best investments you can make while others insist it is a liability. There are merits to both arguments and we will explore these in this article. Your home is your castle, as they say. Apart from the office, […]
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The average bond is 20 year although bonds of 25 and 30 years are not unheard of. A bond over such a long period is a classic example of compound interest working against you. In the first few years of regularly paying your bond installments, the original capital debt would have barely decreased. Even after […]
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Buying a home is generally one of the biggest investments most people make. It is an exciting purchase and many times, a very emotional one as well. Those that have purchased properties before become familiar with the process but many first time buyers are often taken completely by surprise when suddenly faced with the many […]
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