The outcome of property financing: Respect your task

"If there is a change in the bank." The attitude of all types of real estate for a few months after the company reorganization. They reduce costs and additional staff, advertising, marketing and other overheads, "he said," Since the article published in Moneyweb property news website. Realestateweb.co.za.

"The invention and the exchange sector bonds, we've seen really no expected to reduce to reduce it over the last year," he reflected.

Pietermaritzburg Pelham Henwood work of RE / MAX Midlands, warned that tighter lending criteria in order to raise the level of city functions. A history of high sales. He is recognized by only 10 percent of 000 projected to be 3 houses could be sold in markets where banks are not lending their own homes. Want to have at any time in the near future.

Neethling and Henwood's comments last week to leave the depressing statistics ooba. Ingenuity and a mortgage, the South African racing for at least 60% of home loan application to be rejected.

But property Tessa Rodriguez receive payment mortgages for most of this decade, even now most of her program has been approved. She does not waste all the time to send a program with no hope of the system unit. But she said still processing. Not true. "The bank looks for excuses not to finance the site, she said.

Many consumers in the very high credit limits, and if you have a reasonable credit card debt can not be more than you can earn a return. If, however, did not reach your credit limit, it might be better to ask the bank to reduce its borders, "says Rodrigues. It is, therefore, that belong to the bank for a period of not less than the amount to be paid automatically to the maximum credit limit - and this in turn means that you may appear less disposable income to purchase the property.

Banks are generally more difficult to read when it comes to determining what is likely to help you at this point or credit transferred immediately. For example, says Rodriguez, one of the bank is unlikely to give you a loan if you have had the same job for at least two years.