ABSA HOME LOANS

How to secure a 100% Home Loan

Which banks are offering are currently offering full 100% bonds? The four major mortgage providers in South Africa are regularly changing their lending criteria.

Lower interest rates & 100% bonds boost property prices

The lowering of interest rates has historically had a delayed effect on property prices. It was no different this time around. According to the latest ABSA House Price Index, low interest rates has been one of the major reasons for the recent increase in property prices.

No Deposit 110% home loans return

ABSA Home Loans: No Deposit 110% home loans return image by warrenski Following closely after Standard Banks’ announcement to relax its lending criteria and offer bigger mortgages, ABSA bank released a statement saying that the country’s largest home loan provider is now offering 110% Bonds. These 110% ABSA home loans are only available to lower income [...]

100 Percent Home Loans – how to secure one

The quick return of 100% mortgages has surprised many property finance experts. Although the return has been quick, it has also been very cautious. Banks such as ABSA, FNB and Nedbank are all offering no deposit homeloans again. The only difference is the terms and conditions regarding these bonds.

Why are house prices falling?

Property Finance News: Falling house prices are usually a sign that the supply of homes for sale has exceeded demand. In other words, the number of homeowners looking to sell their properties exceeds the number of buyers in the market. The unique thing about the current condition of the South African property market is [...]

ABSA Home Loans ask buyers for even bigger deposits now

  Home Loan Lending Policy: ABSA, Nedbank tighten mortgage lending Nedbank and ABSA Home Loans have further tightened their mortgage lending criteria, effective 1 Dec 2008. ABSA – SA’s largest home loan provider – has lowered their maximum home loan to 85% of the property value / purchase price. While, Nedbank homeloans are only offering up to 90% [...]

ABSA Home Loans Shocker: who will be affected

South Africa’s largest mortgage provider, ABSA Home Loans, announced recently that it would restrict access to the extra funds available in the Bond Accounts of some of their clients. Just less than 17% - about 130 000 - of ABSA’s home loan clients, who use the 261 flexi facility, will be affected by this decision. [read more ...]