Homeloans and Mortgage Bonds

24/11/2020

If you want loan an amount of R 1 000 000 to buy a home you will need an estimated gross monthly income of R 25 850. You can buy with other persons to increase the gross salary. Keep in mind that the bank also takes into consideration what is left after your expenses. This means that the bank will not grant a loan if you don’t have enough left after deductions to service the bond.
TIP: If you are renting you can remove the rental amount from your expenses calculation because that expense might not exist once you buy a home you are going to live in.
NOTE: This summary is a simple calculation to indicate the typical calculations. Note that all bonds are subject to the banks’ lending criteria, a full credit assessment, the home valuation, your credit score and the net disposable income. Click the link to use our bond calculator. https://www.homeloansandbonds.co.za/affordability-calculator

23/11/2020

If you want to buy a home and loan an amount of R850 000 you are going to need an approximate gross monthly income of R 22 000, remember this can also be joint income i.e. you and someone else. Keep in mind that the bank also looks at you net disposable income, so if you only have R2000 left after your expenses are deducted the bank won't grant the loan. TIP: If you are renting you can remove the rental amount from your expenses calculation because that expense might not exist once you buy a home you are going to live in. NOTE: This summary is a simple calculation to indicate the typical calculations. Note that all bonds are subject to the banks lending criteria, the home valuation, your credit score and your net disposable income. Click the link to use our bond calculator. https://www.homeloansandbonds.co.za/affordability-calculator

18/11/2020

4 Costs You May Not Have Considered when Buying a Home

18/11/2020

Awesome News: Did you know that there are almost 30 steps and 10 different parties involved in the buying and selling of a property? Homeloans and Bonds we can help deal with a lot of them!

17/11/2020

4 Costs You May Not Have Considered when Buying a Home

17/11/2020

Buying a new home represents a whole new chapter in your life make sure you are fully prepared and in the know regarding the costs you’ll soon need to pay.

17/11/2020

“Your first steps when you start thinking of a home purchase should always be consult a qualified, experienced and reputable bond originator to establish what your buying power.”

29/10/2020

https://www.homeloansandbonds.co.za/ excited to announce that our site went live today.

Let Homeloans and Bonds get you the best deal on your homeloan. We provide comparative quotes from the banks. Home buyers and first time home buyers trust us to secure their homeloans at the best rate.

25/10/2020

Hi, I am HB a chat-bot...say "hi" and ask me a question.