Showing posts with label absa home loans. Show all posts
Showing posts with label absa home loans. Show all posts
Thursday, August 5, 2010
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.
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!
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!
Thursday, April 1, 2010
Which Banks Offer 100% Home Loans?
There are so many conflicting reports these days as to which banks offer 100% home loans and which don't.
Let me clear that up for you. Just keep in mind that sometimes it depends if you also have your personal bank account at that bank or not.
Absa Home Loans - On home loans of under R1.5 million, maximum loan of up to 90% if the applicant with the biggest salary banks there. Maximum 70% if you don't bank there.
If you earn under R15 000 per month (joint or single income) you can qualify for up to 110% loan - this means no deposit, PLUS all your attorney fees are covered.
Standard bank Home Loans - On home loans of under R2.5 mil, a maximum loan of up to 90% - Standard Bank have advertised that they offer 100% home loans if you work directly with them and not through an originator, but I have yet to hear of more than 1 client confirming that they got a 100% loan from Std Bank.
Under R15 000 income you can qualify for up to 104%, which is also the full purchase price plus costs.
FNB Home Loans - On home loans of under R2 mil up to 100% loans. If your income is under R15 000 you can also qualify for a up to 104% home loan
Nedbank Home Loans - up to 100% home loans if the purchase price is under R3 mil.
SA Home Loans - 95% home loans for purchases.
They also have a new offering of a 90% home loan with interest only for the first 3 years. This means better house - for the same instalment. So you get the home you really want. With EDGE, clients pay the lowest possible instalment – the interest only – for the first 3 years, then revert to a standard loan for a further 20 year period. This makes it ideal for clients who want to buy up now, knowing their income will grow to match their repayments.
For more information regarding any of the home loan products discussed, don't hesitate to contact GPF Mortgage today.
Let me clear that up for you. Just keep in mind that sometimes it depends if you also have your personal bank account at that bank or not.
Absa Home Loans - On home loans of under R1.5 million, maximum loan of up to 90% if the applicant with the biggest salary banks there. Maximum 70% if you don't bank there.
If you earn under R15 000 per month (joint or single income) you can qualify for up to 110% loan - this means no deposit, PLUS all your attorney fees are covered.
Standard bank Home Loans - On home loans of under R2.5 mil, a maximum loan of up to 90% - Standard Bank have advertised that they offer 100% home loans if you work directly with them and not through an originator, but I have yet to hear of more than 1 client confirming that they got a 100% loan from Std Bank.
Under R15 000 income you can qualify for up to 104%, which is also the full purchase price plus costs.
FNB Home Loans - On home loans of under R2 mil up to 100% loans. If your income is under R15 000 you can also qualify for a up to 104% home loan
Nedbank Home Loans - up to 100% home loans if the purchase price is under R3 mil.
SA Home Loans - 95% home loans for purchases.
They also have a new offering of a 90% home loan with interest only for the first 3 years. This means better house - for the same instalment. So you get the home you really want. With EDGE, clients pay the lowest possible instalment – the interest only – for the first 3 years, then revert to a standard loan for a further 20 year period. This makes it ideal for clients who want to buy up now, knowing their income will grow to match their repayments.
For more information regarding any of the home loan products discussed, don't hesitate to contact GPF Mortgage today.
Friday, March 19, 2010
Calling all ABSA account holders
Are you an ABSA banking client looking for a home loan?
Until 30 April 2010 they'll be offering special deals for individuals looking for home loans of R500 000 - R1 500 000 (excluding building loans, investment property, vacant lant, and fixed rates)
Although they haven't disclosed what's going to be making these deals so special, I'm guessing better interest rates.
If you're one of those, don't hesitate to contact us or click here for more information on ABSA home loans
Until 30 April 2010 they'll be offering special deals for individuals looking for home loans of R500 000 - R1 500 000 (excluding building loans, investment property, vacant lant, and fixed rates)
Although they haven't disclosed what's going to be making these deals so special, I'm guessing better interest rates.
If you're one of those, don't hesitate to contact us or click here for more information on ABSA home loans
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