Are SAhomeloans Difficult To Qualify For?

If you have tried applying for sahomeloans on your own you might have found that it’s difficult to get your homeloan approved.

What can you do to easily qualify for sahomeloans? By following these 3 easy guidelines you’ll be able to get your dream home soon.

SAhomeloans tip no. 1: Pay your debts on time

Did you know that companies no longer accept payments by the 7^th of the month? If your statement says that you must pay by the 1^st or by the 3^rd, then that’s the day the payment is due.

If you don’t pay by that date the company may list you as a slow or erratic payer which may hamper you getting approved for sahomeloans with ease.

SAhomeloans tip no. 2: Don’t make additional debt

It may seem obvious, but to qualify for sahomeloans you should make extra debt when applying for a homeloan.

Making extra debt means that your credit score will decrease.

Why? Well each company you approach will do a credit check, and every time that happens your credit worthiness decreases because of all these credit enquiries.

SAhomeloans tip no. 3: Save for a deposit

Even though it looks like the banking industry is easing up on their lending criteria you should still save up for a deposit.

How do you save during these tough times? Well, work out how much you will be spending per month on a bond installment if you buy and use the difference between that and what you’re currently paying for rent and save that.

Doing this will achieve 2 goals. Firstly you will be able to save this difference and use it as a deposit, and secondly and most importantly you will know if you will be able to afford the monthly homeloan installment.

In a few months time that may work out to enough for a 5 or 10% deposit on a house.

Click for more information on how to qualify for sahomeloans.