Myroof Blog
 
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BANK REPOSSESSED PROPERTY BOOST: STANDARD BANK 100% MORTGAGES

The property market received a huge boost yesterday with the news of Standard Bank relaxing its lending criteria, for private property sales as well as Bank Repossessed property. You can now get a 100% mortgage for bank repossessed property. You can also get away with paying NO deposit on bank repossessed property and [...]

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HOME LOAN APPROVAL FOR BANK REPO

Does ones chances rise for home loan approval when considering to buy a bank repossessed property? Among the other advantages of buying bank repo, the answer to this question pops up as yes!

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3,488

TITO MBWENI TO EXAMINE INTEREST RATE IN EMERGENCY MPC MEETING IN MARCH 2009

South Africa’s central bank needed to adjust and examine its response to a dramatic change in global economic conditions, Reserve Bank governor Tito Mboweni said on Wednesday.

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MONETARY POLICY COMMITTEE TO MEET EARLY AND OFTEN ON SOUTH AFRICAN INTEREST RATES IN 2009

The reserve bank has just announced that the Monetary Policy Committee (MPC) will meet next week. This early meeting will probably be to announce a 100 point interest rate cut for South Africans…

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HOME LOANS REJECTED, THE SA HOUSING MARKET AND THE GREAT DEPRESSION

Yes, it’s a BIG title, because it’s BIG news and many people are talking about it. 61.2% of all home loan application were turned down in February 2009. This lies a heavy burden on the housing market which seems to be in recession and that’s what we’ll discuss today.

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EMERGENCY RATE CUT FOR SOUTH AFRICA AS RECESSION SEEMS INEVITABLE

With a recession now looking even more likely for South Africa we should have an emergency Rate cut by the MPC to lighten the burden on the Shrinking economy

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BUYING PRIVATE PROPERTY VS RENTING PROPERTY

In the current South African property market there are arguments to buy property, but also to rent property. Find out what differences there are…

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APPLYING FOR A 100% HOME LOAN WILL SOON BE A THING OF THE PAST…

The South African home loan market has seen dramatic changes in recent times with the introduction of the National Credit Act (NCA). Today we’re facing a new dilemma with banks changing their Loan to Value (LTV) criteria for home loans. The LTV criteria determines the percentage of the property’s value the bank will grant a home loan for.