Dawie Bester asked:


SA Home Loans was launched in South Africa in February 1999 and is like a short with a kick next to the big beer of the financial world; some of the top-rated banks have been operating since the 1800′s but SA Home Loans is new, young, funky and fresh; very fresh.

So why choose an SA Home Loans? In the company’s own words: ‘… against formidable competitors, we have grown to become the country’s fifth largest home loans provider.” That’s impressive by anyone’s standards, if you’ll excuse the subtle pun.

SA Home Loans is not a bank and not a mortgage originator. A mortgage originator sources home loans from various financial companies and get paid a commission. But SA Home Loans is a specialist mortgage provider. So, what’s the difference? Well, you go to your GP for your annual check-up and then he sends you to a specialist – SA Home Loans is the specialist. And it’s proudly South African.

Now, let’s take a longer look at some of SA Home Loan’s wide range of competitive home loan offerings, add-ons, insurance and equity access products. These include:

- Variable Home Loan

- Super-Lo

- Interest Only

- Interest Only

- Quick Cash

- Further Loan

- Rapid Re-Advance

- Further Re-Advance

- Cap Rate

- Home Owner’s Cover

- Bond Protection Plan

Variable Home Loan

This loan has a variable rate and can be tailored to suit your personal needs. The huge benefit in selecting a Variable Home Loan is that you can switch to another home loan option instantly free of charge. Its flexibility makes this the mother of all home loans. Switch to SA Home Loans and you can get R75,000 in cash within 72 hours immediately after you’ve signed the mortgage agreement.

Super-Lo Home Loan

This home loan option is based on a cash-back incentive programme. You will receive interest refunds into your home loan during the first five years which lower your mortgage balance so you ultimately pay less interest.

South Africa’s unique Only Interest Home Loan

With this exclusive home loan option you get to pay ONLY the interest on your home loan. You can choose to include a capital pay-off, a portion thereof, or not. Once again, you can also switch loan options free of charge.

Varifix Home Loan

SA Home Loans lets you fix the interest rate on your home loan for up to 20 years. The benefit of the Varifix Home Loan is that you get to choose the portion of your home loan to fix; the rest remains variable. Best of all, you can revert at any time to a standard variable interest rate loan.

Quick Cash

Allows you to access up to R75,000 in cash within 72 hours and spend the money on anything you like.

Further Loan

This is an option to borrow money against the increased value of your property. If the market is booming and your house becomes a property gold mine, you can borrow money against the increased value. The fact is that borrowing against your home loan is usually the cheapest credit you can get. Take advantage of it.

Rapid Re-advance

This option secures cash when you have paid more than your agreed installments.

Further Advance

Further Advance lets you borrow funds over and above your original loan as long as it’s an amount less than the original registered loan amount.

Cap Rate

Protect yourself against rising interest rates with insurance that allows you to cap your interest rate for two years so you are never faced with monthly repayments that are burgeoning out of control. With the Cap Rate option your home loan rate is guaranteed not to rise about your cap.

Home Owner’s Cover

Don’t go anywhere without Home Owner’s Cover to protect your property against unexpected disasters, like fires or floods.

Bond Protection Plan

Ever tossed and turned wondering what would happen if you were disabled or died? You, and more importantly your family, are protected against the possibility of repossession when you take out a mortgage protection plan.

SA Home Loans is South Africa’s largest non-bank mortgage lender. The primary benefit in taking out an SA Home Loan is knowing it can accommodate you – first-time home buyer or weary over-extended family man.



ROSCOE

Benard Worseley asked:


If you are moving to Sydney, or if you are just planning to get out of that rental property, you may be looking for a Sydney home loan. Of course, before you sign on for a Sydney home loan, you should remember that a mortgage is a huge responsibility. Rather than a rental agreement, which is generally on the terms of a year, a mortgage agreement tends to last thirty to thirty five years. While you can sell the home and move, you can’t count on being able to sell your new home quickly. Before committing to a Sydney home loan, you should make sure that you plan to stay in the same place for at least five years.

In a tough economy, a Sydney home loan can be difficult to come by. Home loans are a risk as property values tend to go down. However, if you are able to get a Sydney home loan, a poor economy can help you to get a decent price on a home. If you are willing to do the research, home prices are dropping continually. When looking for a Sydney home loan, a little preparation can save you a lot of cash. Searching for a mortgage can be a little difficult, but finding a good lender is much better for you in the long run.

Before you sign anything or jump on board with your Sydney home loan, you need to make sure you are prepared. First of all, know your credit history and rating. If you have poor credit history, your interest rate on your Sydney home loan can be sky high. In some instances, you might be turned down when you request credit. In the economy today, a large percentage of people have poor credit. If this is the case with you, you might want to consider continuing to rent until you can repair your credit history. This can be a long, arduous process and you don’t want to find yourself locked in a mortgage with rates too high for you to afford. Also, a mortgage payment can be higher than a rental payment. In that case, you need to make sure that your budget can handle the extra money before you commit.

When entering into a Sydney home loan, remember that there are different types of mortgages. Many mortgage agreements start with lower rates and then suddenly balloon up after a set number of years. Many people are trapped in these agreements because at the time of signing, they believe that their income will increase by the time the terms are up. This can create difficulties for many people. You shouldn’t count on your situation changing in the future. After all, even if you have the promise of an income increase at your current job, unfortunate things happen. You don’t want to put yourself in a position that might lead to an eviction and foreclosure. This can not only leave you without a home, but can scar your credit report in a huge way. Before you find your Sydney home loan, make sure you are absolutely prepared to handle the responsibility. A little preparation can go a long way.

 



RENE