There are many common misunderstandings from the to order a property which could getting a little from-getting for the first time domestic visitors. The content below unpacks a number of the top domestic-to purchase mythology there will be on your own journey towards as a good bona fide resident.

Myth#1: I’m able to just sign up for a home loan away from a lender

Not the case. If you find yourself finance companies may be the conventional go-to’ to possess domestic funds, SA Home loans was a separate, specialist mortgage supplier that is doing work within the South Africa because the 1999. We provide versatile lending solutions, at the aggressive interest levels, and get aided over 100 one hundred thousand Southern Africans employing residential money.

Misconception #2: My personal financial app has been refused: my dreams of to shop for property is more

Not true. The biggest reason for a thread software becoming rejected was an applicant’s reasonable credit history. Borrowing from the bank company make use of this score to determine an enthusiastic applicant’s credit history. Continue reading « A few of these connect with home finance and you can the requirements getting a profitable home loan application »