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!

How Loooooooooooooooooow can you go?

Whoop whoop whoop....

The magic word for the day is "repo"

The magic man of the moment is "Tito Mboweni"

The magic phrase for the week is "How loooooooooooooow can you go"

Interest rates today dropped a whopping 1%.
Our current rate is 13%.

Lets keep it coming.

Estate Agents - Has the time come?

Happy Monday to everyone.

So, some of you have heard the banks have dropped their commission offerings to bond originators.

So, has the time come? Is the end of the line for estate agents commissions who've been eating away at the profit of bond originators for years!!!

Bottom line is: If bond originators carry on paying estate agents commissions, they'll go out of business...If they go out of business, estate agents won't get their 7% commission charges, which means, ultimately, that bond originators pay agents their salaries :)

Your thoughts? Is it the end of the line for commission payments to estate agents?

If you're bond originator, what are you doing to save costs in your business and what are you going to do about banks dropping commission offerings?

We'd love to hear!!

Earth Hour South Africa

I just saw this watching IDOLS on TV, and I think we should most definately spread the word!
Lets please support Earth Hour and give your support.