Getting your home loan pre-qualified and approved: How it works?
Getting yourself pre-qualified before putting in an Offer to Purchase should be the first step you take.
- What factors influence how much you can afford to borrow?
- Where can you find the best deal on a home loan?
- Why pre-qualification helps when you find the house you love?
Ooba – we find the money, you find the house.
The Finance Linked Individual Subsidy Programme (FLISP)
FLISP is an instrument that assists applicants earning between R3,501 to R15,000 per month to acquire a residential property for the first time.
- How a subsidy of up to R87,000 can help you buy your first home.
- What are the qualifying criteria and how do you apply?
Kahmiela August - Director Affordable Housing & Brian Mabotha - Affordable Housing Specialist, Western Cape Department Human Settlements
5 helpful tools that every first-time buyer should know about
When you take the step up to owning property, you need to be as prepared as possible. Become an Expert and learn how to;
- Check prices to make sure you aren’t overpaying.
- Avoid paying 30 % more for a property in the long term - How to check, and clean up your credit score
- Improve your affordability & negotiation power
- Your largest investment ever – protect your legal rights
- Get additional financial assistance or “Plan B” if your home loan is not approved
Meyer de Waal – Attorney and Director My Bond Fitness
Personal finance: Managing a home loan
Owning a home, especially as a first-time home buyer means happiness, achievement and independence. As a homeowner, you must understand how to manage your loan and personal finances.
- Why it’s important that you should research before committing?
- How to get your bond approval quickly and easily?
- How to save up to 30% on your bond registration costs?
Monty Mokhomo, Nedbank Home Loans Digital Channel Manager
What to consider when buying your first home?
There are costs associated with the buying process. It is important to draw up a budget and understand what you can afford, Don’t only look at the bond repayment; factors such as rates, maintenance and insurance must be added into the equation. Doing the research will save you time and money in the long term.
- What other additional costs should you consider?
- Why is financial planning important? (and easier than you think!)
- How much should I put aside for home maintenance?
Deidre Munusamy Standard Bank Home Loans
Helping you nav>>igate the road to your ideal home
- How First National Bank have partnered with developers to enable South Africans earning between R3,500 and R25,000 per month to become homeowners.
- What tools are available from First National Bank to guide buyers through the process of getting finance upfront, knowing the estimated value of a property, finding a property, understanding your costs and monthly repayments?
Jolande Duvenage & Maretha Els, First National Bank
The ABC of House Hunting!
You may live in your first home for a long time, so it’s important to choose a property that suits your lifestyle now, and in the future.
- Is it important to buy a house you love?
- What factors should influence your decision?
- What should you look for when you go to a show-house?
Greg Crowder, Private Property
Making an offer and taking transfer, Your rights!
You’ve found your dream home, and you want it! Congratulations!
- What offer should you make?
- What happens when you agree on a price?
- When can you move in? What is occupational rent?
Annette Evans, Lanice Steward and Charles Haigh. The Institute of Estate Agents South Africa
Sectional title versus freehold ownership
Freehold or full title means you own the building and the land it is built on. Sectional title describes separate ownership of units or apartments within a complex or development.
- What are the benefits and disadvantages of sectional title and freehold ownership?
- Who is responsible for maintenance and upkeep?
- Tips for dealing with a Body Corporate
Benhard Wiese, CCH (Cape Coastal Homes / City Country Homes)