(3RD Party) iAfrica.com - More bad news for homeowners

"According to the oobarometer price index released by ooba, South Africa’s leading bond originator, negative year-on-year price growth of 1.1 percent (-6.8 percent when taking inflation into account) to R 823 476 was recorded in October 2011, down from R 832 705 in October 2010."

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Hello ooba news

Having a budget and sticking to it is not easy, especially with the upward pressure of inflation.

The misconception exists that it is near impossible for entrepreneurs, or individuals who work for themselves, to enter the property market, due to the banks’ very strict lending criteria.

Wanting to build your dream house or revamp your home? A building loan can provide you with the finances you need to make it happen, as well as improve the overall value of your property, but make sure you go in with your eyes wide open.

There are many benefits to putting down a deposit for your first home, but in today’s tough economic climate, it may be more realistic to take out a 100% bond. How do you decide what’s best for you?