With interest rates still on the rise, an increasing number of homeowners are looking at making use of the equity they have in their homes to “consolidate” all their debts and pay off everything except their home loans....
Home Loans
The Monetary Policy Committee is set to meet again and deliver their decision on the interest rate policy on 24 November 2022. Experts predict that another hike is to be expected....
With interest rates increasing by a substantial 0.75% for the second consecutive time this year, homeowners are understandably concerned about the impact this will have on their monthly bond repayments. Carl Coetzee, CEO of BetterBond, offers six ways to manage your bond when your repayments fluctuate....
When buying your first home, it can be daunting to consider how to afford the monthly home loan repayments. It is possible to lessen this expense by paying a deposit. In addition to increasing the chances of securing a home loan, there are many other reasons why a deposit will benefit buyers in both the short and long term....
The further increase of 75bps in the repo rate announced by the Monetary Policy Committee yesterday is disappointing for aspirant home owners requiring credit and existing home owners with mortgages, all of whom are already having to contend with the economic impact of severe load shedding, high fuel, and rising food costs, and increasing electricity and other municipal tariffs, says Dr Andrew Golding....
While many might have seen or heard that interest rates are climbing, equally as many will fail to fully understand exactly how this affects them, which means that they are unlikely to know how to adequately prepare if interest rates continue to climb....
What is home equity? And why do savvy homeowners focus on building up more of it?...
If you are thinking of investing in property, you can’t go wrong with a home on the coast. Not only are the prices of properties located within 5km of the ocean experiencing faster growth, but the margin by which this exceeds non-coastal house price inflation has risen to an average of 3.1% for January to April 2022 - the highest coastal price premium since mid-2005, according to Lightstone property...
With the inflation outlook deteriorating since the previous Monetary Policy Committee meeting – with the headline inflation rate again breaching the upper limit of the 4-6% target for the second consecutive month at 7.4% in June 2022, it was inevitable that a decision would be taken to further increase the repo rate, the question was simply by how much....
The Monetary Policy Committee (MPC) is set to meet again later this month and all signs point to yet another interest rate hike, with some even predicting a bump of 75 basis points. Experts advise South Africans to prepare themselves ahead of the July meeting to avoid falling behind on debt repayments....