Coach’s blog
How much can you afford to buy for?
Spend no more than a third of your monthly income (after deductions) towards your bond. For every R100 000 you want to borrow – you need to have ±R3000 available p/m to pay the loan. As a home buyer you need to convince the banks that you :- able to repay the loan, have a steady […]
What is your credit profile behavior like?
Before even thinking of looking for a home you need to have an updated credit report. You are able to obtain one at no cost every year from Experian, TransUnion or Banks will review and score you for the following: – your spending and repayment pattern – have there been any late or non-payments – […]