South African Property - Home Loans for Africa

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Buying a home as a foreign national in South Africa
2008-02-18 16:27:00
It's a question that I get asked over and over again and for some reason have failed to post anything on it. It's also a topic that is not easy to find anything on? I'm also pretty tired of estate agents informing clients incorrectly (I won't mention any names but you know who you are) and then leaving it up to us poor bond originators to sort out your dirty work! SO HERE IT IS! Scenario 1:
More About: Buying , National , Africa , South Africa , Home

VALENTINES DAY HOME LOAN SPECIAL!
2008-02-14 17:27:00
JUST KIDDING!!HAPPY VALENTINES DAY TO ALL!XXxxxOO00OOxxxXX
More About: Valentines Day , Home , Loan , Special , Home Loan

LOVE AT FIRST SIGHT - A Bond Origination Love Story
2008-02-07 13:33:00
MORTAGE SA Buys LOANLINKand Gets it on as the Numero 1 Bond Originators in SA.Wowee!!!!!NOW THATS WHAT I CALL LOVE!!!!
More About: Love , Story , Love at First Sight , Sight

2008 - LETS GET IT ON!!! Dont be chicken!!!!!!
2008-02-06 09:46:00
Boy has 2008 kicked into gear. At the end of last year things were looking really good! Now - Panic, Panic, Panic - what a lot of crock. What has scared everyone and stuck that negative nonsense into their souls!!! Having to buy candles and parrafin lamps (Like ouma grootjie did!) Having to check out Canada, Aussie or anywhere safe. Maybe IRAQ High interest rates, markets crashing like
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Job Prospects Good for Property Market
2008-02-06 07:59:00
A positive employment outlook is always a nice booster for both the South African property market and job prospects in S.A. Although an increase in employment does not necessarily mean a rise in property prices, it generally means an increase in the number of sales. According to the Manpower employment outlook survey South African is amongst the country with the strongest first quarter hiring
More About: Market , Property , Good

The A-Z on property jargon!
2008-02-05 07:48:00
The South African Property Dictionary...Have you ever stared at a piece of paper, which you know contains vital information, in complete disillusionment? Have you have looked wide-eyed at a word that you have no idea what it means, and had that sinking feeling in your stomach that you are in for a joy ride that is going to be extremely confusing? Well, I know how you feel, so here is some of
More About: Tips and Tricks

GOOD GRIEF DID THAT ACTUALLY HAPPEN!!!!!!
2008-02-01 12:44:00
Excellent News - Interest Rates stay the same at 14.5% - well done Uncle Tito - I think you just saved the bacon of Thabo and the current ATeam with their current series of woes. Quote "the Monetary Policy Committee has decided that it is appropriate at this time to leave the repo rate unchanged at 11 per cent per annum" Unquote Ok so now is the time to take charge folks. Lets start clearing
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No Worries Mate - Home Loans Markets in S.A.
2008-01-29 11:15:00
Ahhh... Yes, we know you've been waiting.... Another power cut, another South African soccer team loss, another rain storm, another traffic jam, what NEXT????? Another South African home loan rate increase? Can South Africa afford to pay 15% on a home loan account???? The answer is NO! I do believe that the government in S.A(that's you Mr Mbeki in case you've forgotten or too scared to admit
More About: Home Loans , Loans , Markets , Home , Mate

What you need to know to buy your first home
2008-01-25 13:23:00
We all face this issue at one time or another in our lives, whether it is when you decide to move out of your parents house or when you decide to take that giant leap into marriage. It can also be one of the most unnerving experiences, especially when you don?t have a clue. So, I have decided to embark on a journey of discovery into the property market. I found some very interesting suggestions
More About: Home

PROPERTY PRICE GROWTH - IN YOUR DREAMS BUDDDY!!!!
2008-01-21 12:02:00
So did you hear .... Residential property price growth as measured by the Standard Bank median house price index was recorded at 0.0% year on year in December 2007. This must really make those sellers who want to make millions in selling houses very itchy indeed. Lower volumes than past year-end experiences and an increase in the proportion of lower-priced homes in the book must have pulled the
More About: Dreams , Property , Growth , Price

Pretoria Real Estate - Property in Pretoria Sucks!
2008-01-18 09:32:00
Apartment living. It's all over! It's been around for years and that's where real estate and property world is going and has been for the last 300 years! Over the last 2 years I've travelled from New York to Toronto, from Hamburg to London and from the South of France to Rome and condos and apartments are the way of living. Pretoria on the other hand, the capital of South Africa and the most
More About: Estate , Real Estate , Property , Real , Sucks

The Bond Originator from Hell - Part 1
2008-01-14 17:32:00
7.59AM - the phone rings and the THE VOICE screams....Are you a moron!!!! I said I wanted -2% below prime, are you ...$#5#7&&* deaf. If I had dialed 911 in new York I would have got better service from you, you, you,.... useless bond originator from hell!!!! .....and here I was just finished a delish best in the west cappuccino from TriBeca at Brooklyn Square aligning myself with this new
More About: Bond , Hell , Part

The Transfer Process (You the Buyer)
2008-01-08 16:04:00
Welcome to 2008. I'm pleased to announce that I've managed to get off my lazy butt and now I'm ready to entertain. I wasn't too sure what kind of article to start 2008 off on and I thought I'd start it with the question we were asked most this December. What is the process behind a transfer of deed sale. I.E. When I buy your property, what's the process behind the scenes that changes the
More About: Buyer , Transfer , Process

South African Property Market 2008
2007-12-30 19:04:00
So with tonight being the last night of 2008 it's time for the SA Property Market 2008 prediction :)... Sounds like fun, lets see how accurate we are. For those of you sitting at home waiting for some new BLOG posts, lets hope this keeps you somewhat, entertained. Roundup of 2007 There's been some major changes and impacts in the South African Property market over the last 12 months. We've seen
More About: Debt Consolidation , South African

THE TURNING OF THE SCREW - A TITO PRODUCTION
2007-12-07 09:51:00
So in this movie old Tito Mboweni played by Basil Fawlty announces - a 0.5% increase in the repo rate pushing up benchmark prime and mortgage rates to 14.5% - and the whole cast and audience whoops with delight!!!! YES, YES, YES. So Basil took the spirit out of Christmas shopping for many borrowers ...laughed the News24 audience. Polly the analyst asked our knucklehead Manuel if the majority of
More About: Production , Screw

U.S Property Bubble Burst - Mortgage Lenders Take Strain
2007-11-27 12:03:00
For the sake of those who don?t understand the American property market "bubble burst", I thought of summarizing it as I understand it; A few years ago the interest rate in America was 1% per annum, therefore, money was cheap and people could easily pay two bonds. But, instead of buying two properties, they took out second bonds equal to more than the 150% of the value of the property, making
More About: Property , Mortgage , Strain , Bubble , Burst

2007 season coming to a close!
2007-11-20 16:26:00
It's time for me to do a bit of an early round up for the year. It's been a year of excitement and passion and LOADS of fun. It's been a year that's taken Wizard Home Loans into new and exciting grounds and I'm glad that I was a part of this. Wizard Midrand's website is officially in the top 10 home loans sites on the South African web right now and along with our very own South African Property
More About: Season , Close

First Time Home Buyers
2007-11-09 16:31:00
Don't bite off too much house... The age old method of home loan affordability could lead you to disaster and we're finding more and more queries and complaints about affordability and first time home buyers getting themselves into debt. Here's how to get a better idea on what you can afford. I was going to start this off by saying "20 years ago..." but it's not, it's not even 6 months ago
More About: Home Buyers , Time , Home , Buyers , First Time

I wish I wish for a safari home like this one day! [Digg]
2007-11-07 10:59:00
That's all I want to say. Safari homes in Africa must be an amazing thing to have. Thought I'd share this with the world.
More About: Home , Digg

U.S. Subprime Mortgage - Boom or Bust for S.A. Home Loans Markets
2007-11-01 14:46:00
I'm assuming that most of the people that read this BLOG are either Property Guru's or Financial Barons so if I talk about the U.S. Subprime Mortgage problems that have been going on for the last month or two you're most likely up to date.If not take a quick read through: Economist.comThe question that's been on everyones minds is; Will the U.S. Subprime mortgage lending crisis effect South Africa's mortgage market? Personally, I don't think so and so far it hasn't. If anything we've been one of the few fortunate countries that haven't been affected. We're fortunate enough in South Africa, that our securitization mortgage market is alot smaller than our bank lending market. Their are very few companies in South Africa that use securitization as a means of supplying funding i.e. SA Home Loans , Eagle Bond Originators, Rudco Finance and now Integer Bond Originators but there's still alot of scepticism amongst South Africans and the majority still prefer using the major banks...
More About: Markets

Real Estate Search Engine
2007-11-01 08:44:00
Been doing alot of surfing lately and I came across another great site.Unique in it's own way, Ahyer.com! is a completely FREE real estate search engine listing site. Their technology is unparalleled and leap years ahead of Trulia which by the way has been really unsuccessful.Ahyer.com has been very successful in countries such as Malaysia, The Philippines and The Caribbean and are hoping to continue their success in South Africa. Although their forms seem to be a little longer than most, don't be put off, it helps eradicate junk spam and will enable your real estate searching and selling experience become a pleasure vs a burden.Could Private Property be on their way out?Check them out Ahyer.com
More About: Estate , Real Estate , Search , Search Engine , Engine

Help build awareness - The Financial Blogosphere
2007-10-30 23:57:00
I came across a unique and very different site the other day! It's a Financial Blogosphere Site. The sites and the posts are hand picked and the top 10 posts from every BLOG are personally added to the sites reader.It's relatively new so it has a couple of features that could do with some fixing up, but try it out folks, it's great, and a lovely resource for all.Congrats guys, it's always nice to know that there are people out there, willing to help clean up the Blogosphere!Check it out, it's definately worth it http://www.ourcommunitypower.org/blogread er/is.phpWizardMan Out!
More About: Awareness , Build , Waren

Google Slams on Major Sites Because of Paid Links [Digg]
2007-10-25 22:39:00
To buy paid links or not? This particular article talks about how Google has slammed major sites for having paid links.
More About: Links , Sites , Digg , Paid

South African Property Neighbourhood Watch - Property Blogging
2007-10-22 13:12:00
VIVA THE BOKKE & FORZA FERRARI! Sorry, I've been screaming that for the last two days so I needed to post my joy online for all to see! What a weekend for sport and nerves, in fact it was so good I've woken up happy and smiling and ready for work on a Monday. Let me tell you, that doesn't happen too often! Anyways, well done John Smit and well done Kimi Raikonnen. Two new world champions crowned in one weekend...Moving on, I've had quite a few requests from international readers to start writing posts about the suburbs in South Africa and it's surrounding regions. People say that it's the one thing that's lacking on the web and in South African sites. I did some searching on the net and it's true, if you search for suburbs and for real estate investing in South Africa there's nothing. So how are international investors meant to know what the good area's the not so good area's and the up and coming area's in South Africa are...Think about it, if you're relocating, wh...
More About: Watch , Property , Blogging

3 ways to save on agent commissions
2007-10-17 17:12:00
You want more cash in your pocket at the end of the day! So where can you save money when purchasing or selling your property! Lets start with 3 methods to cut costs when using estate agents.Gone should be days of paying 7% commission to agents. It's firstly a rip off and secondly it's costing you a fortune! Well lets show you how to save some cash.Negotiating down your agent's cutFor Sale by Owner - Private property salesGoing "HANS" SoloNegotiating down your agents fee'sMost real estate agents take a commission of roughly 2.5% to 3%. Their total cost anywhere between 6% and 8% of which the difference is paid out to the companies and parties involved in the sale. RIP OFF! However as more and more smaller agents and online businesses start coming into the fold real estate agents are becoming more and more susceptible to discount "chat". Taking reductions in their commissions. After all, we know they're earning too much money, lets take some of that cash back.To get that commiss...
More About: Agent , Commissions , Save , Gent , Missi

Could you manage an interest-only loan?
2007-10-16 09:10:00
Incredible deal isn't it?So incredible that it's sounds like it's not real?So great that it allows you to free up money every month. It drops your monthly installments and you can afford WHOLE lot more house.Now interest only loans this may be the perfect investment opportunity for those that know how to handle their finances. If you're a good personal financial advisor and you don't buy more mortgage than you can handle, I say go for it.If you're not, I say contact a mortgage broker that offer normal home loans and don't be silly.So what's the catch and why the advice, you may ask, well, lower monthly installments, ZERO equity for years and then BAM BAM BAM, monthly instalments to floor mother Russia.You see interest only loans allow you to pay interest only, for a period of x years depending on the lender. The problem with this is that once those x years have passed by all those monthly payments you missed out, get added to your monthly installments once the interest porti...
More About: Loan , Interest , Manage , Eres

Debt Consolidation- Online Debt Consolidation Forum
2007-10-15 15:57:00
Was browsing the net this weekend looking for some good debt consolidation sites and came across a great little community. Now although it's not a South African site, debt consolidation and debt in general is a worldwide phenomena and it's always nice to read about other peoples problems that relate to yours.It makes you realise that not only are you sharing this problem with a person, but you're sharing it with millions and millions of others...So take a look at the Debt Consolidation Forum who specialise in Credit Card Debt Consolidation and sign up! It's a great community and well trusted amongst the Internets Debt circles.Let me know what you think of them...WizardMan out!
More About: Online , Dati

SA Homeloans - CEO - Simon Stockley - Integer
2007-10-15 11:00:00
Integer Bond OriginatorsAfter a long time away from South Africa, one of the founders on mortgage origination, the first man to bring securitisation into the home loans market and the ex CEO of SA Homeloans Simon Stockley has come back with a new product on the S.A. market - INTEGER.What is this product and is there something new that Simon Stockley is bringing into the South African mortgage market, check out the interview on MoneyWeb with Integer's CEO, Simon Stockley. Is it the end of SA Home Loans?Has anybody used Integer bond originators?

Home Loan Interest Rate Increase - AGAIN!
2007-10-12 09:42:00
I don't like starting Friday's off with bad news, so let's start off by saying;"THE BOKS ARE GOING TO KICK SOME SERIOUS ASS ON SUNDAY!"Unfortunately that's not the reason for my article. It's with some regret that the home loan interest rate has increased again. We now have a home loan interest rate of 14%.This is due to the reserve bank increasing the repo rate by 50 points but it really saddens me and I'll tell you why. Food prices are going up, petrol prices are going up and the reserve bank has the cheek to say that the reason they're increasing interest rates is because they want to curb consumer spending. Well you know what, why don't they worry about curbing our damn food prices instead worrying about how much people are spending on luxury items and every day goods...Sort out the actual problem and let our interest rates be for a while.DO you know that the interest rate increase has jumped from 10.5% in 2005 to 14% in 2007. That's big man, and it's making it very ve...
More About: Home , Loan , Interest , Rate , Interest Rate

Harpooned on the Whale Watch!!
2007-10-10 05:10:00
So I finally went to Hermanus to see the whales!!!! Absolutely delightful and one of the 101 things to see before you die.However, our accommodation adventure started out as a disaster but ended up brilliantly and the aftermath was a disaster again, I felt like Captain Ayob vs Fawlty Towers thanks to my adventures with Misty Beach Hotel in Hermanus.Like most new age travellers and more senior members of the public, we use our staff to assist us in booking online for our travels and so we booked through the Internet about 3 weeks before our whale watching expedition and the pictures on the Internet were ever so sexy, luxurious and can you imagine ......" member of the Portfolio Collection 2002-2004Welcome The Misty Collection is a group of luxurious accommodation establishments including a Guest House and Hotel in Hermanus Western Cape, South Africa. The impressive lodgings are situated in the best land-based whale watching destination in the world - Hermanus.Accommodation at our hot...
More About: Watch , Whale , Harpo , Hale