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Don’t rush into home ownership

Don’t rush into home ownership

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....

How to reduce your mortgage payments

How to reduce your mortgage payments

“I would like to buy an R80 000 house and would like to know what my monthly mortgage payment would be,” writes Wilfred. Maya replies: How much you will need to pay each month to cover your mortgage will depend on your initial deposit and interest...

Bankrupted by the body corporate

Bankrupted by the body corporate

Sectional title is often the more affordable way to buy a home but it comes with its own challenges and you need to be a proactive resident to ensure your body corporate is run properly. A City Press reader was recently informed by her body...

No home loans for non-FNB customers

No home loans for non-FNB customers

Over the last ten years mortgage originators such as ooba and BetterBond have played a significant role in increasing the competitiveness of home loans. By assisting customers to shop around for the best rates bond originators forced the banks into...

Maya Fisher-French author of Money Questions Answered

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