Since November 2010 the prime lending rate on home loans in South Africa has been 9.00%, and this is where it currently remains (June 2012).

In June, homeowners were struck with the relief of a cut from the prime interest rate by 50 base points. Homeowners can now enjoy an interest rate of 8.5%. This means that homeowners can enjoy cheaper monthly payments on their mortgages.

We all know that by buying a new home comes with a lot of paper work. One of the most important papers that you will need to obtain will be the Rate Clearance Certificate from your local municipality.

We can see that with a little bit of useful information one can manage to finish the payments on a bond quicker than planned.

In most of the cases where a homeowner is planning to sell his property, then he would still have a bond which needs to be cancelled with the bank or the bond originator.

People consider the capital gain TAX to be a scary thought, but it is actually not that intimidating if you educate yourself on the topic before purchasing your property.

A further loan on your home loan is also known as a further advance or home equity loan, or more commonly, a second bond.

It is important that you are as knowledgeable as possible when buying a property, and especially when buying a home, which for most people is their greatest investment.

Who would have thought that there was an upside to the worldwide economic recession, which has also had an effect on the South African home loan industry?

Just when you are over the initial thrill of having your bond approved, have concluded the paperwork for the purchase of your first home, and are basking in the glow of being a new property owner, a new realization will begin to dawn on you: you have access to the equity which your home loan represents!

Deciding to buy a home is a big step and you may feel very overwhelmed when taking the step. Remember that owning property is one of the best decisions to make and offers plenty security to the owner

When buying property, the applicant needs to complete and Offer to Purchase with the real estate agents to show their interest in the property.

A home loan calculator is an incredibly useful tool to have, as it works out how much it will cost you to keep a roof over your head in an instant.

Every year there are hundred of South Africans who consider buying a new home, but they are not sure if they have the credit to make such a major purchase.

Looking for the best deals on bonds? We offer some of SA's lowest bond rates to help you afford that dream home.