Alternative to home mortgage finance
An alternative to Bond finance geared at small business owners. Small to medium business owners are finding it more and more difficult to qualify for bonds from South African banks who are desperately afraid of the high failure rate of new businesses in South Africa.
Banks are risk averse these days that if you are self employed, in a sales position without a fixed salary or any other employment where you have no guaranteed fixed amount of income, getting a bond is becoming almost impossible, even with large deposits and security, Crazy as it may seem, this is the reality of the home loan market.
How to decorate your plug and light switch plates
If you love to decorate and paint your rooms in your home, then this is the perfect project for you. Hardly anyone thinks about decorating the light switch covers or the plug covers to match the rest of the room or to add a little “this is my room”.
This project is so easy and cost effective, and will give your rooms that extra piece of character that it has never had before and don’t forget, with the holidays coming up, you can get the kids making the perfect home-made Christmas gifts. Just be sure to take a peek at their switches before you go about buying spares.
Granite counter tops
Possible the most effective way of improving both the vale of you home and the visual appeal of your kitchen is to replace your kitchen counter tops with granite. Replacing with granite is as close to a kitchen renovation as you will get for the money. Granite kitchen...
Kitchen cupboards
Need a new kitchen but the cost of the completely new kitchen cupboards and appliances has you needing a second bond? Consider replacing the kitchen cupboard doors to upgrade your kitchen to an entirely new room. Kitchen cupboards are all standard sizes and whether...
Types of home ownership
The two different ownership types for residential property are Freehold or Sectional title. Know the difference between the two and what your obligations are. Freehold The most common form of freehold ownership is a free standing house which has it’s own erf number....
Fixed rate bond
Fixing the interest rate on your bond is something to consider for those who really need to be able to budget or for the risk averse. It is generally not a good idea to fix your bond rate even if one considers that the bond rate is bottoming out and we are likely to...
Costs involved when buying a home
You see your dream home at a price you can afford, the repayments are within budget and you are ready to sign on the dotted line. Be aware of the costs involved when buying a home. There are a myriad of costs involved to home ownership that you should be aware of...
Debt consolidation
Consider debt consolidation if you owe money to many different credit providers, be it for cars, credit cards, home loans, hire purchase agreements or any other kind of debt, it is costing you a small fortune in charges and interest. The best way to deal with this...
Second bonds
Applying for a second bond is primarily intended for home improvements and not to be confused with accessing equity available in your bond for other reasons like dealing with debt or purchasing other assets. If you have had your bond for some time and wish to access...
What does using a bond originator cost
The straight forward answer is no. A bond originator works entirely on a risk basis and if a bond application is successful, the approving bank pays the bond originator a commission. Bond originators are professionals who depend on your bond application being...
Home loan application
When applying for a home loan, be it a new home loan or a second bond you will need to collect the documentation required by the banks to efficiently evaluate the home you wish to purchase, the improvements or alterations you wish to do as well as your personal...
Using bond originators to get your bond
Whether you are a first time home buyer or seeking bond finance to improve your home, using a bond originator for pre-approval is an important first step in the application process. Have you made an offer on your dream home and need the best possible rate to reduce...