Shine up your finance
If you are planning to buy a home, spring is a great time to freshen up your finances. Just as home-owners prepare their properties for show days and viewings by cleaning, polishing and painting, so potential home-buyers need to make sure that their finances are in good shape before they go house-hunting or apply for […]
Got pre-approval? Here’s how to keep it
Once you have been pre-approved for a home loan through an originator like SKG Home Loans, you should avoid making any significant changes to your financial situation until you have bought your new home and your home loan has been activated. It would seem obvious, for example, that you need to keep paying your bills […]
Deposit? Here’s what you need to know
Everything you need to know about your deposit when buying a home. Paying a deposit when you sign an offer to purchase a new home is considered a show of commitment. But how much is needed and what happens to these funds? Unless stipulated in the offer to purchase, there is no legal stipulation that […]
What you need to know about FLISP
The Finance Linked Individual Subsidy Programme (FLISP) was developed by the Department of Human Settlements to enable sustainable and affordable first time homeownership opportunities to South African citizens and legal permanent residents earning between R3 501 and R22 000 per month, (the ‘affordable’ or ‘gap’ market). Individuals in these salary bands generally find it hard […]