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.
Friday, November 12, 2010
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
Monday, June 21, 2010
Want A 2nd or 3rd Bond? Be Careful!
If you are considering taking our a 2nd or 3rd bond to consolidate your debt, make sure you work with a professional home loans consultant.
There a quite a few pitfalls and traps one could walk into if you are not careful.
1) Debt Consolidation Pitfall 1 - Refinance
Many people wanting to consolidate debt want to take a 2nd bond, and unknowingly actually refinance. Now, that's not a bad thing if you are told upfront and you know what you're letting yourself in for, but if you didn't know, and now you start paying a bond all over at 20 years again, you'll be very angry.
Tip: If you don't want to refinance, tell your debt consolidation expert that you want the 2nd or 3rd bond to run along with the original bond.
2) Debt Consolidation Pitfall 2 - Fall Back into Debt
If you have taken a bond to pay off your debt, you already have an additional amount to pay. Don't fall into the trap of thinking that you now have all this credit available on those credit cards and that you can start spending again. If you do you'll have the same debt burged plus the additional payment of the 2nd bond.
Tip: If you have paid off your credit cards, cut up the cards and close the accounts. If you feel you absolutely must have one for emergencies or for your petrol expenditure, close all but one.
Remember, consolidating your debt into your bond is a good thing, if you take the wise route and avoid the pitfalls mentioned about.
For more tips or if you want to consider responsible debt consolidation loans, contact your debt consolidation expert today.
There a quite a few pitfalls and traps one could walk into if you are not careful.
1) Debt Consolidation Pitfall 1 - Refinance
Many people wanting to consolidate debt want to take a 2nd bond, and unknowingly actually refinance. Now, that's not a bad thing if you are told upfront and you know what you're letting yourself in for, but if you didn't know, and now you start paying a bond all over at 20 years again, you'll be very angry.
Tip: If you don't want to refinance, tell your debt consolidation expert that you want the 2nd or 3rd bond to run along with the original bond.
2) Debt Consolidation Pitfall 2 - Fall Back into Debt
If you have taken a bond to pay off your debt, you already have an additional amount to pay. Don't fall into the trap of thinking that you now have all this credit available on those credit cards and that you can start spending again. If you do you'll have the same debt burged plus the additional payment of the 2nd bond.
Tip: If you have paid off your credit cards, cut up the cards and close the accounts. If you feel you absolutely must have one for emergencies or for your petrol expenditure, close all but one.
Remember, consolidating your debt into your bond is a good thing, if you take the wise route and avoid the pitfalls mentioned about.
For more tips or if you want to consider responsible debt consolidation loans, contact your debt consolidation expert today.
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