HOME LOAN ADVICE FOR FIRST-TIME HOUSE BUYERS

If you’ve just decided to buy your first home, SA Home Loans is here to assist you through every step of this exciting venture! Purchasing a new house is one of the biggest financial investments you’ll ever make, and no doubt you’ll have many questions regarding the process.

We’re here to fill in the gaps by providing all the answers and valuable advice you’re looking for. Read on to discover important home buying tips for first-timers, and to learn more about the first-time mortgages and new home loan solutions offered by SA Home Loans – South Africa’s first and largest specialist mortgage provider.

Are you ready to purchase your first home?

Before you set your sights on buying the home of your dreams, it is important to establish whether you are ready to make such a big, ongoing financial commitment – in other words, is your income stable and sufficient to support a first-time bond?...Read more here...

MyProperty suggestions when buying your first home

Getting ready to buy your first home is exciting. But it is also daunting as there is a lot you need to think about. You’re thinking about your credit score, bonds and saving for a deposit. 

We’ve compiled some tips to help you make one of the biggest purchases of your life. Think it through. Buying a house, particularly your first one, is a massive decision which will likely have an impact on the rest of your financial future. Take your time and make sure you’re ready. Be certain you can afford a home loan and don’t feel pressured to make a  decision. 
Read about the suggestions here...

How to pay off your Bond in 10 years

If you’ve just bought your first home, the day your mortgage will be fully paid off and the property is really yours probably seems a long way off. 

Even if you don’t have a spare room to rent out, you can perhaps still make some extra cash to put towards your ‘bond liberation day’ by renting out a storage space, garage or carport.

This is according to Shaun Rademeyer, CEO of BetterBond, who says the good news is that there are tried and tested ways to bring that day much closer, and save yourself tens of thousands of rands in the process.

“Did you know, for example, that if you have a home loan of R800 000 at an interest rate of 9.25%, you could drop your bond repayment period to 17 years instead of 20, and save R178 000 in interest, just by paying an extra R500 a month into your bond account?” Read the rest of the story here...

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