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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. Learn more about FNB goes back on its word »
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Transfer Cost Calculator
Calculate transfer costs here!
THIS TRANSFER COST CALCULATOR HAS BEEN UPDATED TO REFLECT THE CALCULATION OF TRANSFER DUTY AND OTHER TRANSFER COSTS AS OF 1 July 2009
Yes, you found it! This is the one-stop transfer costs calculator that allows you to calculate ALL the costs involved in purchasing property in South Africa all at once. Read the full Transfer Cost Calculator »
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Bond Repayment Factor Table
A bond repayment factor table is a very useful tool when calculating bond amounts and bond repayments. Dig into Bond Repayment Factor Table »
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Financing Your Home Purchase
Unless you are one of the fortunate few who can purchase a home for cash, you will need to apply for a home loan (also known as a Bond) to finance your purchase. Read more Financing Your Home Purchase »
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