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FNB goes back on its word
This morning I was lying in bed being woken by the good folks of Morning Live on SABC2. And all drowsiness dissapated at about 6:30 with an interview involving an FNB spokesman and the Banking Ombudsman of South Africa.
Apparently, First National Bank(FNB) is going to re-assess home loans that the bank had already approved a year or more ago. The home loans that will be reconsidered include about 2000 approved mortgages that have, after a period of a year or more, not yet been registered against the title deeds of the relevant properties. The bank plans to reassess the loan applicants’ credit based on the current credit assessment standards and their current debt load and general financial position. The rest of FNB goes back on its word »
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The problem with shareblock
In October last year Property 24 reported that the National Credit Act was responsible for shareblock sales along the Durban beach front plummeting. Is this still the case? I can’t seem to find more articles along the same line, so maybe not? I don’t know. But I’d love to hear from readers with share block property about their experiences! Get the rest of The problem with shareblock »
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Real Estate Calculators
We have been quite busy re-posting old articles that we feel still have value to our visitors. As part of this process we also updated the real estate calculators that were available on the old Huis-Huis website. And we figure that a a list of links to all those calculators would be a dandy idea. So, without further ado, here is our collection of handy real estate calculators for you to use: See the full Real Estate Calculators »
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Mortgage Bond Repayment Calculator
This mortgage bond repayment calculator allows you to calculate the monthly mortgage repayment on a certain home loan amount at a certain interest rate over a certain loan term. See more of Mortgage Bond Repayment Calculator »
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Mortgage Bond Amount Calculator
This mortgage bond amount calculator allows you to calculate the home loan amount you would be able to repay at a certain monthly payment and interest rate over a certain loan term. Just enter your amount details and press the Calculate button to view your mortgage bond amount. More of Mortgage Bond Amount Calculator »
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