Standard Bank Home Loans – How to Apply? – Features, Benefits and More
Steps for Buying a Home Through Standard Bank Home Loans As a general rule, when buying a home, you have to qualify yourself before committing to the home purchase process. You do this through some simple steps. Determine What You Can Afford Bond calculators are great tools for determining the amount you can borrow and your possible monthly repayment amounts. While at it, it is prudent for you to determine whether you meet the minimum qualifications for Standard Bank’s affordable housing options or government subsidy. Decide the Amount You’d Like to Borrow The Standard Bank allows you to borrow as much as 100% of your property’s buying price. When you register for a higher amount for your bond, you will access more cash later without applying for a new bond. First time home buyers can receive up to 105% of the property’s buying price if it is R1.8 million and below. The extra 5% will cater for bond registration and transfer costs. Look for Your Dream Property As...