How to get a home loan in South Africa, from credit score to deposit Business Insider SA
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Many factors, such as banks offering 100% home loans, have boosted demand for homeownership.
Banks have different criteria to assess potential homebuyers ability to repay before approving a home loan.
These are some of the things to look out for before applying for a home loan.
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With prime lending rates still at 3.5%, their lowest level in almost half-a-century, homeownership, especially for first-time homebuyers, is not as distant a dream for many.
Banks have been approving 100% loans, which have boosted the property market as home buyers take advantage of the opportunity.