Debt Consolidation is a way for you to ease your monthly cash flow. By doing debt consolidation you roll all your smaller debts and loans into one big loan.
Usually the debt consolidation loan is at a much better interest rate than the smaller debts and loans which not only make it easier for you to pay, but also makes brilliant financial sense.
Debt consolidation also ensures that you only pay one installment toward your debt each month and not a whole lot of smaller repayments.
If you have a home loan debt consolidation is quite simple to do. As long as you have enough equity in your property you should get a second bond and use that to consolidate your debt.
Many companies also do debt consolidation in the form of debt counseling and administration...be sure to educate yourself on what each of these mean and what the implication would be before signing anything.
To apply for debt consolidation simply click the link.
Wednesday, May 11, 2011
Friday, November 12, 2010
Review on the Advantages of Choosing SA Home Loans
SA Home Loans started granting bonds to South Africans since 1999 and since then has grown it's client base rapidly due to their innovative way of looking at home loans.
Some of the advantages of using SA Home Loans to get a bond approval are:
1. Criteria
They differ from normal commercial banks in that they will still consider you for a loan if you've had credit problems before, however, they need to be paid up and you must have the proof.
They have taken the stance that they will simply price the loan according to the client's criteria, but won't just give a NO if there is merit in the application.
Pricing the home loan would involve approving it at a higher interest rate or granting a lower amount or both, because of the risk involved.
Therefore, the applicant may only get a 80% bond.
2. Flexible Packages
Read the rest of this article about SA Home Loans <- here.
Some of the advantages of using SA Home Loans to get a bond approval are:
1. Criteria
They differ from normal commercial banks in that they will still consider you for a loan if you've had credit problems before, however, they need to be paid up and you must have the proof.
They have taken the stance that they will simply price the loan according to the client's criteria, but won't just give a NO if there is merit in the application.
Pricing the home loan would involve approving it at a higher interest rate or granting a lower amount or both, because of the risk involved.
Therefore, the applicant may only get a 80% bond.
2. Flexible Packages
Read the rest of this article about SA Home Loans <- here.
Thursday, November 11, 2010
Review on SA Home Loans Options
Interesting post about SA Home Loans and what products they offer:
http://knol.google.com/k/knol/Search?q=review-on-various-sa-home-loans-options
http://knol.google.com/k/knol/Search?q=review-on-various-sa-home-loans-options
Monday, October 25, 2010
Beware When consolidating debt
Always ask as many questions as possible, and if you can, get the advice of an independent person.
One of the pitfalls of debt consolidators is that they conceal Administration with debt consolidation.
If they put you under Administration it's a court order taken against you that for a certain period - minimum 5 years - you are not allowed to get any further credit anywhere.
They don't settle your debts!
These companies don't settle your debts, they simply make arrangements with the creditors to pay them off - unfortunately so much interest is charged that it's difficult to make a dent in the debt.
Make sure of your facts and always read everything before signing.
For more debt consolidation information visit our website on: www.globalproperty.co.za
One of the pitfalls of debt consolidators is that they conceal Administration with debt consolidation.
If they put you under Administration it's a court order taken against you that for a certain period - minimum 5 years - you are not allowed to get any further credit anywhere.
They don't settle your debts!
These companies don't settle your debts, they simply make arrangements with the creditors to pay them off - unfortunately so much interest is charged that it's difficult to make a dent in the debt.
Make sure of your facts and always read everything before signing.
For more debt consolidation information visit our website on: www.globalproperty.co.za
Sunday, September 26, 2010
How To Create A Debt Consolidation Plan
Debt Consolidation - Many people are in debt struggling to pay their monthly bills. Most people are looking for help in creating a debt consolidation plan in hopes to be able to afford their payments and still be able to live. Some people will go to a consumer credit counseling agency, but many people are learning how to do it on their own.
Having a debt consolidation plan, individuals can determine the best way to get out of debt. There are so many different methods to getting out of debt, but all of them require you plan it out and budget it correctly. This will also help the individual to stay out of further debt.
Click here to read the rest of this debt consolidation article...
Having a debt consolidation plan, individuals can determine the best way to get out of debt. There are so many different methods to getting out of debt, but all of them require you plan it out and budget it correctly. This will also help the individual to stay out of further debt.
Click here to read the rest of this debt consolidation article...
Thursday, September 16, 2010
Drop in Interest Rates
The banks have dropped their prime lending rate to 9.5%. What does that mean for you? Well, your R500 000 home loan will no longer cost you R4785pm but R4624pm
R750 000 home loan will no longer cost you R7177pm but R6936 pm
R1 000 000 home loan will no longer cost you R9570pm but only R9248pm.
This also means that if you want to refinance or take out a 2nd bond you'll qualify for a little bit more - now is the time, contact us today: http://globalproperty.co.za/contactus.html
R750 000 home loan will no longer cost you R7177pm but R6936 pm
R1 000 000 home loan will no longer cost you R9570pm but only R9248pm.
This also means that if you want to refinance or take out a 2nd bond you'll qualify for a little bit more - now is the time, contact us today: http://globalproperty.co.za/contactus.html
Saturday, August 28, 2010
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