Home Loan Interest Rates – The Best time to buy, is now !
The home loan interest rate determines how much you’re going to have to pay the bank, above and beyond the actual value of the home you are purchasing.
When applying for a home loan, one of your most important goals should be to secure the lowest home loan interest rate possible.
Some ways to lower your interest rate include paying a bigger deposit on your home loan, and applying to multiple banks in order to secure the best deal.
A succession of rate cuts by the South African Reserve Bank (SARB) has brought interest rates to a record low - at 7%, the lowest in 5 decades.
There has never been a better time to apply and become a home owner.