Investec is a private bank that caters to middle and upper-class South Africans. The bank provides structured finance to its clients and helps them with their own properties at a low rate of interest. With its home loan, Investec is able to make owning a home at a young age possible, especially for new graduates.[…]
Investec Mortgage Protection Cover Review 2022
Mortgage protection insurance is a type of insurance that is designed to cover a home loan in the event that a home loan account holder dies. Mortgage protection is only provided to Investec Private banking clients who have a home loan with Investec. Existing Investec clients can save money on their mortgage protection cover because[…]
13 ways to save for a house deposit
Saving money for a home can be a daunting task, and it may appear to be impossible at times due to the amount of money that must be saved. It is hard to save 20% of the purchase price of any home, and only a few people have that much money in their bank accounts.[…]
Mortgage Originator Explained
Applying for a mortgage loan can be time-consuming or simply too demanding for the average person. The need for someone or an organization to assist you with the mortgage loan process then arises. Mortgage Originators are in higher demand in South Africa than ever before, with both businesses and individuals opting to use the services[…]
Top 8 Home Loans in South Africa 2022
A home loan is arguably the most important loan that a person will ever take out. Because home loans take a long time to repay, getting a home loan that works for you and your budget is crucial. Taking into account loan terms can work in your favor, this will allow you to plan accordingly[…]
14 things to consider when buying a house on credit in 2022
Buying a house or property can provide you with the ability to own a home after you fully pay off your home loan. With South African inflation rates ranging between 3.27% and 5.27% between 2011 and 2022, you can expect to feel less pressure on your monthly repayments as the years progress. Since a home[…]
7 Ways a Bond Originator can help you get the best home loan in South Africa
Bond Originators are well-known for their relationships with major banks and other lenders in general. They offer borrowers a service that has been absent in the South African bond market. Individuals, on the other hand, have a different opinion of bond originators and wonder if they actually function for the benefit of the consumer. The[…]
Why a home loan pre-approval works better when buying a home
When it comes to getting approved for a home loan, a loan pre-approval can be a game-changer. It not only increases your chances of getting approved for a home loan but also boosts your morale. If you are pre-approved for a home loan, you have a 90% chance of being approved for the actual loan.[…]
Balloon Loans Explained
Balloon loans are popular with motor vehicle loans and they offer a way to finance an asset with low installments. These loans are mainly issued by major banks. Balloon loans are expected to be paid up within a shorter period than the average period of a standard loan. For example, a balloon loan on motor[…]
Refinancing Explained
Refinancing is the process of replacing an existing loan with a new loan. Businesses and individuals can qualify for refinancing loans. One may want to refinance a loan because: Their current loan has high-interest rates. The current loan’s term is short, and you may want to extend it to a new longer repayment term. Since[…]
