Repo Rate

So, even with all these public holiday's we've had this month, the government still managed to find some time to give us a little break in home loan repayments and save us all a little money.

Tito Mboweni and the South African reserve bank decided to drop the repo rate by 100 basis points. Thanks to Tito once again and thanks to the SA government.

So far, Zuma, you've got my first 2 thumbs up ;-)

Happy April everyone. Enjoy the public holiday.

Interest Rate is now 12%

Nedbank Properties in Possession! Special Offering!

NEDBANK OWNED PROPERTIES

CREDIT OFFERING
April 2009

Nedbank Home Loans recently introduced an additional value proposition to the market whereby the Bank will assist and enable the successful conclusion of PIP (Properties in Possession) sales through a centralised call centre.
In addition to the communication dated the 2nd of April 2009 it is hereby confirmed that Nedbank Home Loans will be offering a 95% loan offering to qualified buyers as of the 20th of April 2009.

PROCESS GUIDELINES & TERMS OF BUSINESS:

Please note that the offering does not supersede existing credit rules and process guidelines and will only be applicable to qualified buyers of Nedbank Owned Properties which can be obtained at www.nedbank.co.za.

Vacant land is included as part of the offering for qualifying buyers.

If this is something that interests you, please feel free to contact Wizzard home loans today!