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FINANCING Affordability

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

5 HOUSEHOLD EXPENSES THAT INCREASE OVER THE HOLIDAYS

‘Tis the season of annual leave, Christmas gifting, and school holidays. For most of us, this means that a whole new budget needs to be drawn up to accommodate all the once-off expenses that come with these perks of the season. Rather than ruin... 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

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

AFFORDABILITY IMPACTS THE MARKET

South Africa has a very poor savings culture, which impacts on many sectors of the economy. One would be tempted to think that poor savings is due to low salaries and an inflationary cost of living, however, while these are contributing factors, nati... Read more