In principle bank loan approval for property purchase

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Because they're putting their money to you. So the purchase of the property needs to be according to the value of the property. This also sometimes helps w…
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Negotiate offers presented by the banks

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After you have decided you want to buy, you would go ahead and fill in the application form for you to get a home loan facility. Once you have done that, some …
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Offer to purchase property contract

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Once you have done that and you're happy with the place, sign the offer to purchase but I always say that make sure you take the offer to purchase home. So…
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A house can turn into an investment property

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Now, keep in mind investment property you got to buy in an area that is going to attract some type of customers when you move out and this thing becomes an inv…
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Transfer and bond registration fee

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I say regulated because the industry regulates them, so they won't charge you out of the norm. Some bank what they do they go into agreement with these tra…
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Importance of planning when over million rand worth of property

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Know exactly how much, remember is not only the purchase price that you've got to worry about, is also the transfer fees. But if you know exactly what your…
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More deposit means less loan needed from the bank

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So I think a deposit is really good if you are really somebody that might not have a good affordability but still qualifies to get a home loan, but maybe you n…
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Importance of clean credit score

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So look at the same way when it comes to financial institutions with those two things. Look at as qualifications and experience, so your qualifications would b…
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Advantage of additional income when buying property

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Now, if you do have additional income, this would be a great time for you to add those onto your actual income so that you can prove affordability. The reason…
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First time property buyer

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Today I will be giving you the first time property buyer guide so that you are well armed to buy your first property. Remember that none of what I say here con…
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Interest rate higher on personal loan

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Also on the loan, the lender understand that you need pay that amount of money. So in other words, you may find that it stringent on that side and they look as…
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Affordability to pay back the loan

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Can you actually afford to pay back this loan? It does not matter how much it is, the question is always can you really afford in your budget to pay back this …
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Secured and Unsecured loans

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One is unsecured because there’s no asset that is backing it up and the other is secured because there is an assert attached to it. Because everybody is not wa…
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Personal versus home loan

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So let's talk a little bit about the difference between a personal loan and a home loan. Let’s start with what is a personal learn, basically, a personal l…
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