A declined bond application doesn’t have to mean the end of the sale. Often, it’s just the start of a new conversation. With the right guidance, persistence and creative thinking, many buyers can still secure financing and turn their property dreams into a reality.
The South African Reserve Bank (SARB) holds one of the most critical responsibilities in the country’s economy: setting the repurchase (repo) rate. This key number influences the interest rate at which money is loaned to businesses and individuals, which in turn is a driver of economic growth by facilitating investment, consumption and job creation.
Buying your first home is an exciting milestone, but it can also be overwhelming, especially when comparing different home loan offers from banks. Each bank presents slightly different packages, terms and perks that can have a big impact on your immediate affordability and long-term financial health. Here’s what you need to know to make an informed decision.
