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FINANCING Financial Advice

HOW TO AFFORD A HOME LOAN ON A SINGLE INCOME

Being on the market is never easy. But, if you stay focused, you won’t be on the market for long – well, at least not when it comes to property. Many believe that owning property on a single income just is not possible. But, the over 40,0... Read more

SHOULD I TRAVEL NOW OR PUT DOWN ROOTS FIRST?

Advances in travel technology have made it that much easier to quench human nature’s insatiable thirst to explore. And, South Africans are taking full advantage of this fact. According to Stats SA’s Tourism and Migration Report of Novembe... Read more

THE UPS TO DOWNSIZING

It can be difficult to adjust to a smaller home. But, if it’s any consolation, most South Africans who have bought new properties are living in much smaller homes than the ones they grew up in. According to data from FNB, the average size of a ... Read more

TIPS FOR MAKING A SAFE INVESTMENT PURCHASE

Though technically in a recession, the economic climate should never deter buyers. Instead of moping about your economic prospects, you can choose to focus on yourself and ask what it is that you can do to increase your own personal performance despi... Read more

MPC BUYS CONSUMERS MORE TIME

South Africans avoid any further tightening of their purse strings this afternoon following the announcement by the Monetary Policy Committee (MPC) of 2018 that interest rates would remain unchanged. The prime lending rate thus stays at 10% and the r... Read more

HOMEOWNING BUDGETING BASICS

The initial costs of owning a home can be a bitter pill to swallow but with careful financial discipline and planning, the dread of the pending debit orders will lessen over time. To make things more manageable, start by organising your finances into... Read more

HOW TO BUILD A CREDIT HISTORY

Those who aspire to buy a property will require a favourable credit record to improve their chances of bond approval. Although lending criteria has softened marginally since the introduction of the National Credit Act (NCA) six years ago, banks are s... Read more

ARE YOU FINANCIALLY PREPARED TO OWN A HOME?

Since the National Credit Act came into effect, prospective homebuyers have been required to have their financial affairs in order before they apply for a bond. While banks have become slightly less stringent since the act's inception, financial ... Read more

BE PREPARED FOR THE UNEXPECTED

Owning a home is a long-term commitment that can span a lifetime. While we all hope for the best, it is likely that at some stage during our lives, a home emergency of some kind will strike, so it is best to be prepared. While impossible to determine... Read more