Hey folks,
I have a bit of a dilemma I'm hoping some of you folks can help with.
I've been REALLY wanting to switch my bond to another institution as am on prime +3.5% with Nedbank.
This was due to my wife not working when getting the bond, and I had to take full responsibility for it.
Now 3 years down the line the household income has doubled, and I think the lender will be willing to give a better rate.
Since we moved in we have done quite a bit of renovations, e.g. Pool, tiling, cupboards etc.
I've been wanting to do more renovations, e.g. Build retaining wall, some paving, redo kitchen etc.
and I dont know whether to do this before or after I try to approach an institution. What does the lending housing inspector/assessor look for?
Dilemma 1)
Should I do renovations before/after approaching bank?
Dilemma 2)
I've recently joined a new company, how long should I wait before approaching an institution?
Any advice/tips/suggestions would be great
I have a bit of a dilemma I'm hoping some of you folks can help with.
I've been REALLY wanting to switch my bond to another institution as am on prime +3.5% with Nedbank.
This was due to my wife not working when getting the bond, and I had to take full responsibility for it.
Now 3 years down the line the household income has doubled, and I think the lender will be willing to give a better rate.
Since we moved in we have done quite a bit of renovations, e.g. Pool, tiling, cupboards etc.
I've been wanting to do more renovations, e.g. Build retaining wall, some paving, redo kitchen etc.
and I dont know whether to do this before or after I try to approach an institution. What does the lending housing inspector/assessor look for?
Dilemma 1)
Should I do renovations before/after approaching bank?
Dilemma 2)
I've recently joined a new company, how long should I wait before approaching an institution?
Any advice/tips/suggestions would be great