Banks are showing an increased appetite to lend according to first quarter (Q1 2018) property statistics recently released by ooba, South Africa’s leading home loan originator.

When times are tough and consumer budgets are under pressure we hear a lot about mortgage defaults and home repossessions, but failing to pay your home loan instalments is actually only one of several ways you can cause your home to be attached and auctioned off?

Tuesday, 12 September 2017 12:55

When is the right time to buy?

When to buy is arguably the most common question buyers ask.

Low growth in household credit and mortgage balances in the first half of 2017, with home loan repayments showing homeowner financial strain.

“In our experience some of the banks are deciding where buyers can and cannot buy by declining home loans on certain properties (and in certain areas), where I know another bank will grant a mortgage.

Buying a home is likely the largest financial decision most people will ever make.

2017 looks to be a challenging year for the South African property market, as quarterly statistics released by ooba, South Africa’s largest bond originator, point to ongoing affordability constraints for South African consumers.

Tuesday, 16 August 2016 12:26

How common are 100% home loans?

A question often asked is to what extent mortgage lenders still provide “100% loans”, meaning mortgage loans that amount to 100% of the value of the home being purchased.

Although ooba’s property statistics for February indicate year-on-year growth in house prices, slower year-on-year price growth trends are emerging.

Thursday, 11 February 2016 15:20

Slow price growth is good for first-time buyers

In the past year, home prices in the first-time buyer sector have grown only half as fast as they did in the previous 12 months, according to the latest statistics from BetterLife Home Loans, SA’s biggest mortgage originator.

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