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HOME LOAN TIPS

Home loan tips which can aid speed up the process of loan application and further ensure that the best decision is made concerning the ideal home loan for the individual.

Speed Up Home Loan Application

Applying for a home loan can be a mundane and often lengthy process which you really would like to get done with as quickly as possible. This is where Need More comes in. Home Loans has the following home loan tips to offer which will aid in the speeding up of the process of applying for a loan:

Get a pre-approval certificate
Provide all the documentation requested
Pay your deposit on time. ( If applicable )
Pay the transfer costs on time
Sign all the documents on time. i.e. - when requested to

Avoid Delays

There are furthermore also a number of things which Need More mentions that should be avoided if you are looking to get a quick yet still efficient home loan. As such, Need More gives the home loan tip that the following should be avoided as they can delay home loan application:

Personal Information not provided by the seller/buyer
Seller doesn't provide details of the bank holding the existing Home Loan
Cancellation and Title deeds not provided to the transferring attorney by the existing Home Loan ( Bond ) holder
The Local Authority receiving the Rates Clearance Certificates late
The buyer does not pay the deposit. ( if applicable )
Delay in the provision of guarantees
If the buyer does not pay the transfer costs on time
If the seller delays the signing of the transfer papers
If the buyer delays in forwarding their income and expenses documents which are required by the banks
If the buyer delays the signing of the transfer documents

The Home Loan Expert You Can Rely On

There are so many more home loan tips which Need More can give you which will essentially guide you through the entire process of home loan application. Why not get in touch with us today to get further home loan tips and find out more about what we have to say concerning the ideal home loan option for you which will match your personal finances and needs. We are here to help you.

Home Loan Tips:

The general understanding about property ownership is, if you’re looking to get into the market it’s best to get in as soon as possible. And now is a near perfect time to buy. Sellers are struggling to find willing buyers and are being forced to accept lower offers. This is great news for buyers.

While this may be the best time to be on the buying side of the market, you’re not so fortunate if you trying to secure a home loan. Banks have really tightened their lending policies and are no longer approving 100% bonds.

So what do you need to qualify for a home loan today?
Here are the 4 Tips to securing the home loan you need !

30% of your income

Only one third of your monthly income can be used to pay your bond instalment every month. That means with a salary of 15k/pm your bond instalment can be no more than R5 000/pm.
If the monthly bond installment is higher than R5k/pm the banks will not consider your application.

At least a 5% deposit

The days of 100% and 108% home loans are over (for now). All banks now require at least a 5% deposit before they are willing to approve your property finance. This also means you’ll need to save a little extra to pay for the Bond Attorney and Transfer costs.

Clear Credit Record

Now more than ever, if you’re trying to secure a mortgage you will have to ensure that your credit record is clear. Before submitting your application ensure that you are up to date with all your accounts.

A little help from Need More

With the assistance from Need More you can ensure that you’re getting the best advice out there.

Home Loan Tips: First time home buyer series

The term first time home buyer refers to anyone who is buying their first property. This group is usually dominated by younger people who have little or no experience of owning and maintain a property. As a result they are often unable to make a complete and balanced decision about this long term commitment.

The tips provided below are designed to assist your decision making. Consider these points carefully and you will advance into a life of financial freedom, by using the full investment potential available in your new property.

Move quickly, but don’t rush
You have no doubt heard people telling each other to buy property as soon as possible. Property prices are constantly increasing over the long term. So the sooner you enter the market the less you’ll pay for your next home.

While keeping that in mind, know this, you live in the world of increasing opportunity. Although, it is to your benefit to move into the property market as soon as possible, don’t ever feel rushed to make an offer on a property.

The term increasing opportunity refers both to size and number. You may have missed one bargain but, another – a much better bargain – will come your way.

Buy the best (or buy the cheapest and wait)
If you have an image of your dream house in your mind, and are able to purchase that home now – do it. The financial sacrifice your make now with payoff multiple times over in the future.

If you are not able to get your dream home yet, buy an entry-level home that is most affordable and practical for you right now.

Don’t settle for the next-best thing to the actual property your want. You can save a lot more money each month on your entry-level home, than you would if you were paying a big mortgage toward that next-best house.

And, before long you’ll be in a much better position to buy the property you actually want.

Need more..?
These are just two of the tips Need More want to share with you. If you need more contact us.

You have to start somewhere and we know millionaires started with business like ours at:

www.needmore.co.za

Need More Business opportunities and training have succeeded to develop successful small & medium affordable unique business opportunities that will save expensive investment & still be profitable? Our business opportunities produce products and services which have daily high consumer demand & will never stop. The best of all is that the products you can produce has minimum production cost. SMME do not have to face big financial & bank interest problems. Need more business opportunities and machines helps you reduce big overheads in order to manufacture & compete with big companies (who always protected & enjoy these opportunities & kept them a secret). We really care about our customers that why is why we give full training, documentation, backup, business plans and assistance with every business opportunity. Another big reason for our success developing small technologies for SMME is that many people only have small investments for affordable new businesses. We have small and big opportunities to suit every customers need.

We go to school to learn to work hard for money. I write books and create products that teach people how to have money work hard for them.
Robert Kiyosaki

Get in the market now this is the perfect time to shine, opportunities are everywhere and making money has never been so easy

Our business opportunities were previously protected & only enjoyed by the Major companies. We have come to know these secrets and are sharing them with our customers it is easier than you can imagine.

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