Hunting for your dream house is very exciting, but where to start? There are currently many homes for sale at bargain prices, as the property market is only starting to lift up its head again after the recession. Another plus is that interest rates in South Africa are currently at the lowest levels in years. [...]
A slow movement of the sale in the property market may sometimes force you to move to another place long before the house you sell is sold. However, this situation will again present you problems since what will happen is that you will b selling in a long-distance set-up.
You could be in for a penalty levy of up to eight times the monthly levy. Read your Home Owners Association constitution carefully before buying into a sectional title estate.
A question Real Estate Investors often ask is “I have surplus funds available. Should I use them to pay off my mortgage?” Paying off the mortgage sounds like a very sensible thing to do. In fact, many banks and mortgage originators go into calculations as to the vast amounts of money, homeowners can save in [...]
t is often a question of discussion if it is possible to pay off your debts in a real short period of time. Well, that actually depends on how smart you are and how much willing you are to pay off your mortgage loans. If you have the will, you will be able to find [...]
By now all of us has heard about the National Credit Act (NCA), which came into affect on June 2007. We will now explain what the National Credit Act is and how it affects the public.
Buying property is very common as people want to have some return on it. Buying a home when you plan to permanently reside in the area makes better sense that just renting. You may be interested in buying such property to rent out to other people. You can charge them enough to cover the mortgage [...]
Despite the recent rate hikes, South Africans have enjoyed a low interest rate environment over the last few years. With such low rates, paying extra money into your bond may not have been quite as high a priority as it was when interest rates touched on 25 percent a few years ago. However, with the [...]
Don’t switch from one home loan provider to another unless you’re sure that registering a new mortgage bond will cost you less in the long term. With seven interest rate increases over the past 16 months, you may well be finding that your budget is struggling to accommodate your loan repayments. The prime lending rate [...]
Understanding the property life cycle can serve as an important investment tool for buyers, sellers and developers in the property market. The optimal time for buyers to enter the market is when the property life cycle is still near its trough. Sellers on the other hand would sell when the property cycle is nearing its [...]
