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Posts Tagged ‘Real Estate’

The country of South Africa provides a simple process for the residents and even non-residents to own a property; however it is always wise to know about the costs, conditions and rights, and for that matter this article will focus on the opportunity for non-residents to consider buying property in South Africa.

Real estate is without restrictions and non-residents can own property and get a mortgage. All foreign funds used for purchase of property must be declared however and documented. However, loans through South African financial institutions to legal aliens normally cover only 50% of the purchase price.

Although the Southern African market is dominated by a few property agents, you can search for real estate via the internet. Upon finding properties that are interesting to you, you can search property records at no cost with the Registrar of Deeds.

Property transaction fees usually include ten to twenty percent deposit plus attorney’s fees and registration fees. And the process, including verification of your identification documents and settlement of government duties, takes between six to eight weeks. Read the rest of this entry »

Home is the place you ought to go when you are tired and just want to loosen up. It is therefore important to have a house that you feel comfortable and satisfied. Purchasing a house is not an easy undertaking. There are a lot of stuff for you to contemplate before you go and buy your home. There are also many avenues to choose from when buying a house. You can buy through buy and sell, mortgage, real estate and even online.

In installment buy and sell, a buyer will have to pay the seller periodically. The buyer will be able to take the home in his or her custody upon the first initial payment of the house. This is highly recommended if you do not have enough funds to pay for the entire amount of the property for sale.

Mortgage will allow a buyer to acquire a house even if you are lacking in funds. The buyer will have to give an assurance that he or she will pay the said amount through a written legal agreement or note. As the buyer of the house, you will have to pay in a certain amount of time or else they will cease the property and put it on sale to recover the amount of your loan. Read the rest of this entry »

This type of loan has been very popular recently. Is it something that you should consider?

There are now many lenders offering minimum payment options. For the borrower it is critical to understand how these loans work before they sign up for them. Here are some items to consider:

1. Different payment level options

The basic feature of these types of loans is that a customer has a choice in the amount of payments they make for an initial period. This can give you several different levels of payments you can make each month. For example, you can pay the loan at the 30 year loan level, at the interest-only level, or even less than interest only.

2. Minimum payment term

The minimum payment in the beginning can be less than interest-only. Anytime you choose to make this payment, the difference between your payment and the interest-only payment is added to your principal. For example, if the interest-only payment is $2,000 and the minimum payment is $1,700, if you choose to make the minimum payment then $300 will be added to your principal ($2,000-$1,700-$300). Read the rest of this entry »