If your household income is between R3,501 and R15,000 per month, you could benefit from a government programme that could help you put a foot on the property ladder.
Tag - home ownership
With interest rates rising and the economy slowing, is now the time to make the biggest investment of your life?
Some analysts claim that first-time home buyers should delay buying due to the current economy. But the decision to buy a house should start with whether or not you can afford it, in a rising interest rate environment.
If you are unable to save towards a deposit for your home, there's a strong likelihood that you can't afford it.
Episode 9 of the Change in your Pocket series focuses on the running costs associated with home-ownership.
When considering whether or not to buy a home, be aware that there are many transaction costs involved in the process.
In a volatile interest-rate environment, it's important to keep your mortgage repayments stable. Episode 7 of our Change in your Pocket series looks at the financing of your home.
By John Loos, Household and Property Sector Strategist at First National Bank The 5% FNB House Price Index inflation rate suggests no apparent need for “first-time buyer panic” at present. But there is a need for first-time buyer caution, and perhaps a little less obsession with home ownership. South Africa’s “obsession” with home ownership has...
A recent survey in the UK found that young adults are increasingly relying on their parents to help them pay for a deposit for their first home. The survey conducted by mortgage lender Halifax found that the majority of parents believed they would have to help their children with a deposit on a home while 27 percent had already dipped into their...
Most young people have two main goals when they start working: to buy a car and to buy a home. Both of these are big commitments and if you have not done your homework properly, home ownership in particular could cost you more than you realise. Ewald Kellerman, Head of Sales at FNB Home Loans, says if you expect to sell your property in less than...