Tuesday, 19 July 2011

PRIME + Standard Bank and FNB interest on homeloans status

So the banks have definitely changed their risk profiles and increased the premiums on rates following the article recently released by FNB.

Now we learnt through reliable sources that Standrad bank have increased their risk rating under certain circumstances.

For those applying for a home loan and are self employed expect a rate plus 0.3%.  If a small holding or plot expect anything from an extra 1.5% to 2.5% and if a Business Mortgage expect an additional 1.5% on top of the normal rate.

Defintely time to use your favourite bond originator.

we expect the other banks to follow suite shortly.

  thanks to our news feeders for the thumbs up guys.......

1 comment:

Buy House said...

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