[Podcast] How to buy a home
This podcast addresses the do’s and dont’s of purchasing a home. Buying a home needs preparation because if you don’t prepare, you might find that you miss out on for an example FLISP, the government subsidy for the first time home buyer and that could be as high as R121 626. A home loan is a 20 – year agreement and sometimes a 30 – year agreement so if you want to do it right and not find yourself regretting soon after you have signed the Offer to Purchase [OTP]. It is best that you arm yourself with as much information as possible. For instance, what if the estate agent wants to charge you a penalty because you signed an OTP and now you don’t have money to pay transfer and bond registration costs? The copies covered include issues such as:
- Is this the best time to buy a home?
- Steps to follow when buying a home
- How much will the bank lend me?
- What you should know about pre-qualifications
- What are the legal costs of buying a home?
- What are the one-off costs of buying a home?
- What are the monthly on-going costs?
- Do I qualify for FLISP?
- Why is it better to use a mortgage originator to help you get a home loan – ThuthukaSA is a mortgage originator
- Home insurance such as – What is Home Owners Comprehensive Insurance and what does it cover?
- What is Credit Life / Credit Assurance / Home Owners Protection policy
- Why I recommend Life Cover over Credit Assurance / Home Owners Protection policy
- What is household contents cover
- Why it is a good idea to pay extra into your home loan
- What is an access bond & how to use access bond to your advantage
R120,00
