Wednesday, May 19, 2010

ABSA 100% Home Loans Returns

The ABSA 100% home loan rumour is reality.

You can now get a 100% home loan from ABSA if you are an ABSA transactional account holder. Your salary has to go into that account to qualify.

This means, that on a house of R1 000 000 you no longer need to give a deposit of R100 000 - that is a huge saving, and also makes a big difference to first time buyers.

For more information on, or to apply for home loans, contact us.

Wednesday, May 12, 2010

Absa Home Loans 100% Loan Rumor

There are rumor's that ABSA will also soon be giving 100% loans to their account holders again. How true that is remains to be seen.

As per my last post, it's still only FNB and Nedbank that offer 100% home loans, so if ABSA does come to the party that gives you, the client, more options to choose from.

Remember, working through a bond originator gives you the stress free way of only sending through your documents ONCE and they send it through to the various banks simultaneously.

Also remember to choose your bond originator wisely. Ask them questions. What options will they be giving you? Only the 4 major banks? A connected bond originator would always give clients an unbiased service, not only limited to the 4 major banks, but also some non-bank alternatives, like SA Home Loans.

Don't forget - ask, because you're going to be paying that loan at the end of the day and you want to know that you've had options to choose from and that you've got the best deal possible.

To apply for a home loan, including SA Home Loans, contact us today!