Is a Home Loan Rate Cut On The Cards?

Cees Bruggemans, economist at FNB seems to think there might be a possible future interest rate cut.

In his latest newsletter he referred to the: Dollar's strapless bra starting to slide

I thought that was hillarious, but ultimately it makes sense, because he said that the rand is strengthening against the Dollar and other major currencies are following the same trend. This means we'll pay less for imports, but also earn less income on exports - nonetheless, it could mean a home loan interest rate cut.

He ends off by saying: The Dollar's strapless bra hasn't yet fallen off, possible still supported only by a thread....

So let's see what Gill Marcus and her team decides at the next monetary policy committe meeting on October 14.

If you'd like any information on SA Home Loans please don't hesitate to contact me by following the links.

Standard Bank Has Joined the 100% Party

Yes, at last, Standard bank has added it's vote to relaxing lending back to 100% for qualified buyers.

This now brings to the full all four banks' 100% home loans offering.

That being said, they have taken the same route as ABSA, and are only offering 100% loans to Standard Bank transactional account holders.

Also, this only pertains to purchases, not 2nd bonds.

So, if you are a Standard Bank client, looking for a 100% home loan, look no further, GPF Mortgage will help you secure the best home loan for your needs.

Should you need any further assistance or need more information, read some of my other articles on: http://www.gpfmortgage.co.za/