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Applying for a Home Loan

Buying your first house and asking the bank for a home loan can be an exceptionally daunting task. Banks require a mountain of paperwork to be completed and a huge amount of time is spent gathering documentation and talking to consultants. But there is a way to apply for a home loan that bypasses all these hassles!


Apply for a Home Loan with Property24

Property24 is a well-respected online property portal. Owned jointly by Media24 and Absa, the company is reliable and has links to good financial and media resources. While generally used to advertise or locate property for sale, Property24 also offers the amazing and convenient service of applying for your home loan for you!

Apply for a home loan through Property24 and all you need do is fill out one simple form online. Our consultant will then contact you and will apply to all major banks on your behalf, returning to you a selection of the best possible options available. Our consultants are highly trained and available online and via the telephone to personally help you through this process. Whether you want to a new loan, to negotiate better interest rates on an existing loan, acquire an additional loan, switch banks or increase a loan, Property24 can help you!


Tips for Applying for a Home Loan Yourself

If you prefer to work directly with the bank yourself, make use of these useful tips when you apply for a home loan.
  • Keep all paperwork with regards to your finances and home loans well organised. This could save you a lot of time and cost in the future!
  • In most home loan application cases, a signed and accepted Offer to Purchase agreement must presented to the bank before the loan can be issued.
  • Be aware of hidden costs. Banks charge a registration fee upon the opening of a home loan. Transfer duties have to be paid on properties over R500,000. Bear this in mind and work it into the amount you will need to borrow from the bank.
  • Cancelling a home loan without the required 3 months notice will incur financial penalties.
  • The bank will check your credit references, so ensure that your financial history is available and untainted.
Alternatively, log on to Property24 today and get a home loan the easy way, from the comfort of your couch!