Get A Home Loan Without the HassleWhile many people battle to keep paying the installment on their home loans, it is actually a buyers market. Property prices have shown a downward trend since the economic down turn. Interest rates have dropped from 15.50% in June 2008 to 10.50% in August 2009. You could easily get a rate of prime minus 1% to finance your bond. A lot of people are in financial trouble and need to sell their home as a matter of urgency.
Keep your eyes open for repossessed homes on the major banks websites. Absa has a list of repossessions, which is frequently updated. Advantage of Bond OriginatorsImagine standing in a queue at several banks to speak to a consultant in the home loans section in all the major banks! Bond originators make life so much easier in South Africa. They will negotiate interest rates on your behalf. They have strong relationships with the banks and are able to negotiate a better interest rate for your bond than you will be able to as an individual. Their services are free. How often do you get the services of professionals absolutely free? They will even negotiate better legal rates applicable to the registration process. You only complete one application which is used at all the major banks. (Not having to queue in a bank score some major points. Use the time to do something you love or buy something for your soon to be home.) With Debtlabs' online applications it is even more convenient to apply for a bond. |
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