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Saturday, August 28, 2010
Thursday, August 26, 2010
Home Purchase and Debt Consolidation
Latest Post on Home Purchase and simultaneous Debt consolidation
Friday, August 20, 2010
Can You Trust Your Bond Originator?
I’m writing this article today because I had an interesting experience the other day. It’s happened many times before, but when it happened again I thought: "I must write about this".
Somebody phoned me and asked me if we were able to apply to banks where she had already applied.
I replied that we couldn’t because then it would be a duplicate application, but I asked why?
She explained that she had worked through the estate agent’s bond originator and that she was getting no feedback.
I got a grin on my face….
Click Here to Read the rest of : Can You Trust Your Bond Originator?
Somebody phoned me and asked me if we were able to apply to banks where she had already applied.
I replied that we couldn’t because then it would be a duplicate application, but I asked why?
She explained that she had worked through the estate agent’s bond originator and that she was getting no feedback.
I got a grin on my face….
Click Here to Read the rest of : Can You Trust Your Bond Originator?
Tuesday, August 17, 2010
Interest Rate Hike Warning!!!!
In the latest Property Barometer newsletter, Johan Loost, property strategist at FNB has warned of possible interest rate hikes in the future.
What does that mean to you? So where to from here?
Well, he suggests that now is a time to tread with caution for a few reasons:
• Firstly, at 10% prime, history suggests that we may be at or near to the bottom of the interest rate cycle.
Interest rates will go up at some point. History also tells us that recent rate hiking cycles have been by 4 to 5 percentage points.
It is essential to be pro-active and make financial provision for the possibility of a 4-5 percentage point interest rate increase at some point in future, and if you cannot fund such an increase, rethink expenditure commitments.
• Secondly, there is the important issue of massive future hikes in Eskom tariffs in the next 2 years, and similar increases in municipal rates and other utilities’ tariff cannot be ruled out, given the need for big infrastructure upgrades in the coming years.
I would suggest that significant provision be made for such household-related
cost increases in the coming years too.
These are the comments of Johan Loos, if you require advice on your home loan or how to consolidate your debt into a current bond, don't hesitate to contact me:
http://gpfmortgage.co.za/contactus.html
What does that mean to you? So where to from here?
Well, he suggests that now is a time to tread with caution for a few reasons:
• Firstly, at 10% prime, history suggests that we may be at or near to the bottom of the interest rate cycle.
Interest rates will go up at some point. History also tells us that recent rate hiking cycles have been by 4 to 5 percentage points.
It is essential to be pro-active and make financial provision for the possibility of a 4-5 percentage point interest rate increase at some point in future, and if you cannot fund such an increase, rethink expenditure commitments.
• Secondly, there is the important issue of massive future hikes in Eskom tariffs in the next 2 years, and similar increases in municipal rates and other utilities’ tariff cannot be ruled out, given the need for big infrastructure upgrades in the coming years.
I would suggest that significant provision be made for such household-related
cost increases in the coming years too.
These are the comments of Johan Loos, if you require advice on your home loan or how to consolidate your debt into a current bond, don't hesitate to contact me:
http://gpfmortgage.co.za/contactus.html
Thursday, August 5, 2010
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