Articles | Homeloans SA

17th April 2015

What Do I Need To Put On A Home Loan Application?

You have already found the house of your dreams, and now it is time to arrange for the financing of that dream home. This means that it is time for you to file a home loan application.

In today’s fast paced world, many people take advantage of the Internet, and with some lenders, you may make a home loan application right on the Web. Granted, you will have to be ready to supply them with a lot of information, as they do ask a plethora of questions.

The first thing you will have to enter is of course your name, and the name of your spouse as well, if you have one. They will need to be able to reach you, thus your telephone number, your current address, and your email address are going to be important.

More Property Shocks

After Eskom takes its whack of the next electricity tariff hike, municipalities take yet another bite.

One of the more worrying aspects about our stratospheric domestic electricity costs is the compounding effect of municipal distribution. Those few urban communities still supplied directly by Eskom can thank their lucky stars that they are still being supplied by the country’s source generator – if the word “thank” can ever again be used when referring to Eskom.

An Overview of The Home Loan Process

Home Sweet Home! Everyone knows that and at the end of the day when you drag yourself back from the hefty schedule of daily life, the adobe is never less than a paradise on earth! But the weird part is that the process of buying a house can be a difficult task and especially when you are looking for a home loan to buy your dream home, lengthy application process can be the worst thing you face.

What Is Different About ABSA Home Loans?

ABSA home loans are made through one of the largest banks in South Africa. Thus, if you are buying a home in South Africa it behooves you to deal with ABSA for your home loan.

There are a number of different loans available for your home. For instance there is the Absa Home Loan, the MyHome Home Loan, as well as different home loans for existing customers.

The ABSA home loans are completely flexible, enabling you to finance not only your residential property but also even vacant lots that you intend to use to build your residence upon. You will be able to tailor and customise your home loan so that it fits your needs perfectly.

Pre-approval for a Home Loan

By getting pre-approved for a home loan you could speed up the process of buying a new house. Real estate agents and sellers will take you more seriously because you are financially secured.

The pre-approval process:

Selecting the correct Mortgage Originator

Bond originators issue letters of pre-approval and can help you to save time when locating a good lender. The best way to find a suitable bond originator is by researching and comparing them through the Internet. It can be very advantageous to use online services to secure a home loan.

Hints & Tips: Moving.

To make sure you move goes without any glitches, try to keep the following in mind.

Before you move, be sure to cancel that electricity, water, etc.
Cancel the newspaper and bread/milk deliveries in advance.
Be sure to cancel the phone account, and call before you leave to make sure.

Home Loan Applications

Let Someone Else Take Care Of It

Finding a house that has the potential to become your home sweet home can be a nightmare. Finding a home loan to finance a place that you can call your own can be even worse. With the vast number of home loan application alternatives that are currently available on the market, it is a daunting task to decide on the option best suited for your needs – and your pocket.

Cleaning Up Your House Before You Sell

First impressions last…

The market value of your house could be undermined by rubbish in and around your home. Rubbish creates an atmosphere of disorder and chaos and will lead potential homebuyers to assume that you have neglected your house.

Preparing to sell your house before putting it on the market could be easy and cost-effective. Firstly get rid of all the rubbish in and around your house by throwing some of it away or boxing it up for your move. Buyers would be impressed by the open, ample, clarified and neat appearance of your home because in this case less is definitely more.

Helpful Hints & Tips when Buying New Property

Buying your first home is probably one of the biggest investments you have ever made to date. It is always advisable to be unemotional, cautious and clever when making your decision. Below is a list of things to keep in mind when choosing your ideal property.

A Pre-Approval Certificate Explained

When buying property in the currently soaring South African property market, a pre-approval certificate can be just the thing you need to close the deal. It removes the uncertainty, knowing up front how much you qualify for.

When you are searching for your ideal property, having this certificate will also allow you to negotiate a better price. It shows the seller that you are serious, smart and prepared.