A Step-by-Step Guide to Buying a House in South Africa
Purchasing a home is an exciting milestone, but without proper guidance, the process can be daunting. South Africa’s property market has unique legal and financial steps that buyers must follow. Whether you’re a first-time buyer or an experienced investor, this guide will walk you through each stage, from securing financing to transferring ownership, ensuring a […]
Who owns your home – the bank, or you?
With the vast majority of homes being financed through the country’s biggest banks, the popular online debate around who owns a mortgaged home in South Africa continues. While some would argue that the bank owns your home, the truth lies in two salient points: The authority that you elect to take on as soon as […]
Factors to consider before negotiating your home loan’s interest rate
As interest rates continue to rise, many homeowners find themselves contemplating the idea of fixing their home loan interest rates. Initially, when the interest rate hike began after the historically low rates experienced in 2020, experts advised against fixing rates. However, the landscape has evolved since then, and the decision to fix your interest rate […]
Six projected home loan trends for 2023
Looking ahead to what is likely to drive home loans this year. Despite challenges of external factors such as ongoing interest rate hikes and rising costs of living, the ongoing demand for home loans remained relatively stable in 2022—slightly down on 2021 volumes, but up on 2020 and 2019 volumes. This sustained demand can be […]
FAST FORWARD YOUR PROPERTY TRANSFER
Buying a house is a big decision, one in which the buyer will have invested numerous hours of research, planning and careful consideration. It makes sense then that a buyer would want their property transfer to be finalised as quickly as possible. But while property transfers are of nature a time-consuming process, there are steps buyers can take to make sure the […]