homeloan

  1. B

    FREE Open-source Homeloan Calculation app (Beta)

    Hi folks, so I made a thing that might be useful to someone. Would love some feedback. https://bondhacker.netlify.app/
  3. projector_man

    Who is a good choice for a home loan?

    I'm looking to buy my first property (Upper Highway, Durban) - who is a good choice for a home loan these days?
  4. P

    FNB homeloan interest help

    Hi all, Can someone please explain to me how interest on a homeloan works. I asked to move my debit order closer to my salary date, i was advised that FNB won't be able to debit twice in a month(November) so i made a manual payment into the bond account on the debit order date. December's...
  5. K

    ABSA Home Loans applications delays and Expected Interest Rates

    Hi guys I have 2 questions. 1. Was just curious if anyone applied for a home loan with ABSA recently and what was your experience. My issue is that I submitted an application to ABSA about 2 weeks ago, but I am still waiting for the approval quotation. This is obviously messing with my...
  6. marco79

    Estate Agent trying to cancel deal

    I need some advice for a friend. They signed an OTP on a propety for R50k less than the asking price and it was accepted. The estate agent called a few days later requesting them to cancel the deal because he has a cash buyer for the full asking price. The same day their bond got approved. Now...
  7. W

    Getting finance for a home loan abroad (USA) ??

    I'm just wondering if this would even be possible... Absa Home Loan Calculator Price of house: R 1 000 000 Deposit: R 100 000 Interest rate: 10 % Period: 10 Years Monthly bond repayment: R11 893 Total Repayment: R1 427 227 Total interest paid: R 427 227 Bankrate Mortgage Calculator @ 1$/...
  8. S

    Death, Disability & Retrenchment Insurance when buying a house

    My SO and I have recently bought a house, with a +/-70% bond. Of course with a bond you have to take bond insurance, but the banks and Ooba are also offering death etc insurance. I am reluctant to take this as it is money every month that we could save or put towards this 'fixer upper'...
  9. Ho3n3r

    Debt Consolidation: Help Me Stop Drowning

    I seriously need help now. Basically, I have a home loan of R621k (Standard), and a personal loan of R74k (ABSA), which covered the deposit, and a bit more. The house price was R690k. Now, before I started paying this, with the interest rate and the levy cost at the time, my salary was...
  10. G

    Maximum Home Loan Affordability

    Hi Guys, I am planning on buying a house next year. I have been stalking Property24 for the last few months and know what area i'd like to stay and what price range I am looking at. My question is...how set in stone are the Home Loan Affordability Calculators? They obviously give an...
  11. S

    Recent experiences with homeloan application

    Took some time to write up my recent experiences over in Health, Wealth and Leisure and figured I may as well post something here with proper tags. I recently went through the experience of buying a home and applying for a bond and thought I'd write up something on my experiences for...
  12. D

    how does a second bond work?

    I desperately need some information regarding second bonds... I'm aware of how they work, but I need to know: 1. How soon after the first bond is registered can I apply for a second one? I bought this house at a very good price because i bought it for about 200k below what it's valued at...
  13. A

    Excessive Petties Charge by Lawyers On Property Bond Registration?

    Hi guys, A friend is in the process of buying their first house and is being charged an excessive amount for petties by the bond registration lawyers. The property cost 600k. The bank's bond initiation fee was R5700. There is no transfer tax payable. The transferring attorneys' total fee was...
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