Business

Fixing Interest Rates

Beware of Fixing Your Rate

With interest rates still at a 50-year low, many homeowners might wonder whether now is the time to fix the interest rate on their home loan to ease the monthly financial load More homeowners are weighing the pros and cons of asking their banks to convert their home loan from having a variable interest rate to a fixed rate. What’s the difference? A fixed rate remains unchanged even if interest rates...

ARB To Hold Rate But Hike Around The Corner

SARB to hold rate but hike around the corner – expert panel

South Africa’s prime lending rate is currently at 7%, the lowest it has been in five decades. As the Monetary Council of the South African Reserve Bank (SARB) is set to meet at the end of March, a unanimous vote by 25 economists on Finder’s repo rate forecast report thinks the bank will continue to hold the rate. Web Design | Social Media Marketing | GoogleRead More...

Pietermaritzburg Property | Shelley Homes

MONEY CLINIC: Is it legal for our landlord to charge us a R500 late penalty fee during Covid-19?

An Amanzimtoti Property reader financially affected by the coronavirus outbreak has been charged a penalty every month for late rental payments. He wants to know if he is legally obligated to pay it. He writes: "My wife and I have been affected financially by the Covid-19 pandemic, just like everybody else. We have been making partial payments for our rent, but always clear the balance by the time...

What the record low interest rates mean for consumers

The further easing of monetary policy by the South African Reserve Bank (SARB) has presented a golden opportunity for consumers looking to snap their dream house on the cheap and those looking to lower their debt servicing costs. The central bank today cut its lending rate by 50 basis points to a new record low of 3.75%. Andrew Golding, CEO of the Pam Golding Property, said the repo rate reduction...

Skills That You Can Learn In The Real Estate Market

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10 Things Your Competitors Can Teach You About Real Estate

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5 Tools Everyone In The Real Estate Industry Should Be Using

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Understand The Real Estate Market

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