Are you a first time applicant for a home loan? There is a reason to smile because the financial well-being of the South African industries is showing signs of improving.
As such, quite a number of financial institutions have lowered their loan requirements and are now giving more finance to home buyers. The change in the financial well-being has also caused banks to give 100% finance to people who are intending to get home loans. In as much as banks have relaxed the requirements, quire a number of South Africans are finding it hard to successfully apply for a loan even as an individual or with a partner.