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Khutso Theledi’s Homeownership Journey with MortgageMarket

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About a year ago, I found myself ready to buy my first home, a task that seemed like a very complicated and overwhelming process. It was like stepping into a maze, full of twists and turns that I didn't understand. That was until I came across MortgageMarket, the moment they stepped in, everything changed.  Their exceptional services and the invaluable assistance of their Service Advisor, Bjorn, made my experience truly phenomenal! In sharing my story, I want to highlight the things that make MortgageMarket stand out. It's like they were a lighthouse guiding me through a stormy sea, helping me navigate the complicated journey of buying a home and made it feel rewarding. I hope that by sharing my experience, I can help others who are also starting this journey, assuring them that with the right help, this journey can be easy, enjoyable, and successful.  From the moment I engaged...

Can the Average South African Still Afford to Buy a Home? Here’s How to Make it Happen

October 13, 2025
Are you endlessly scrolling through real estate online platforms, wondering if you’ll ever be able to afford that dream home that’s been on your favourites list for months? You’re not alone. Many South Africans face affordability concerns and often lack knowledge on real estate. Rising inflation, high interest rates, stagnant real wages, and a lack of understanding of the purchasing...

How inflation affects the value of your property investment

August 22, 2025
Over the past three months, the SA ReserveBank (SARB) has been monitoring the increasing inflationary environment. This resulted in the bank taking a decision to increase interest rates to 9%, as one of the levers to manage the growth in inflation. As consumers of goods and services in SA, we are experiencing the prices of basic consumer goods going up every day. This impact,...

Pre-Approval Before Buying a House, Things to Know

August 22, 2025
Before you can get serious about buying a home, you need to get pre-approved for a home loan. When you are a pre-approved buyer and you are ready to make an offer on a property, it gives you clarity on what your loan amount will be.  What Is a Home Loan Pre-Approval?  Not everyone is eligible for a home loan,...

Which Bank Is Offering Lowest Interest Rate on Home Loans?

August 22, 2025
Putting in effort shopping around for the best bank that offers the interest rate on home loans is prudent, as some banks may offer you better interest rates, and a higher chance of home loan approval.  What Is an Interest Rate?  This is the amount that banks will charge, on top of your home loan, dependant on a number of...

Things to Do Before Signing an Offer to Purchase

August 22, 2025
Getting the keys to your first home is exciting. But make sure you thoroughly understand the offer to purchase before you sign it.  What Is an Offer to Purchase?  The offer to purchase – or OTP – is a legally binding contract between a buyer and seller that contains all the conditions attached to the purchase of a house. Setting...

What Is the Current Interest Rate on a Home Loan in South Africa?

August 22, 2025
What Is the Current Interest Rate on a Home Loan in South Africa? The prime interest rate, set by the South African Reserve Bank (SARB) directly impacts the interest rate on your home loan. The rate is reviewed every two months and may increase or decrease depending on economic conditions such an inflation and lending demand. At present the prime...

Is it Smart to Pay Off Your House Early?

August 22, 2025
If you can afford to pay off your house early, you’ll save some money on your loan’s interest. But if you’re planning to take that approach, you’ll need to consider if there’s a pre-payment penalty, among other possible issues. Working Out Your Home Loan Costs When buying a house, very few of us are able to make the purchase without...

How Much Is the Transfer Cost on a House?

August 22, 2025
The transfer cost varies, depending on the purchase price and the conveyancer's fees plus VAT, as well as the bond costs and transfer duty payable to SARS. Find out the estimated costs of buying a property, when to pay, who to pay, and what the money is used for.  What Is Transfer Duty?  When buying a home, it’s important to...

Which bank is the best for home loans?

August 22, 2025
South African banks are granting more home loans but which is the best? These banks offer loans with lower deposit requirements at the best interest rate.  What is a home loan?  Basically, there are very few people who can afford to buy a house outright, but this doesn’t mean you have to rent forever. By securing a home loan from...

What Is the Minimum Credit Score for a Home Loan in South Africa?

August 22, 2025
The minimum credit score for a home loan in South Africa is around 630. A score of 600+ will give you a fair chance of  home loan approval - although this may vary according to which bank you use. A score of 670+ is considered an excellent credit score, significantly boosting your chances of home loan approval.  What Is a Credit Score? ...

Freehold or Sectional Title? Here’s What You Need to Know Before You Buy

August 21, 2025
Buying a home is more than just choosing your dream kitchen or the perfect neighborhood—it's also about understanding how you’ll own that home. Each property type comes with its own rules, responsibilities, and costs. Knowing the difference between them can save you time, money, and stress—and help you make a decision that truly fits your lifestyle and future goals. Let’s...

Understanding What Affects Your Home Loan Interest Rate: Your Complete Guide

August 18, 2025
When applying for a home loan, have you ever wondered, "Why did the bank offer me this interest rate?" The interest rate you’re offered is influenced by several factors, including your financial health, market conditions, and the bank's risk assessment. Let’s break down the key factors that determine your home loan interest rate. 1. Your Credit Score: The Key to...
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