The Property Practitioner & Business Registration Specialist

24/05/2022

Guest: Marlon Shevelew | Property attorney at Marlon Shevelew and Associates

18/05/2021

22/03/2021

https://bankerx.co.za/2021/03/22/why-is-my-home-loan-20-years-but-my-vehicle-is-financed-over-5-years/

Should I buy a car or a house? This question has been the subject of many debates for as long I can remember

16/03/2021

Rentals:

Do you have any rental space available?

Let me assist you with getting the right tenants.

WhatsApp me today!
Anthony van zaal

16/03/2021

10 tips on how to get a good credit score

1. Make sure you don’t apply for more than one loan at a time because that will signal lenders that your financial status has deteriorated.
2. Always pay your accounts in full and on time. Try and pay more than just the minimum instalment.
3. Try to stay out of the red. So keep servicing your debt, only dipping into available credit when you really need to and reduce your credit limits where possible. Avoid spending up to your credit limit.
4. As much as we don’t like to be in debt, having accounts is a must when it comes to applying for a home loan. Without them, the credit bureaus won’t be able to assess the risk associated with your application.
5. It’s a good idea to get your credit card debt down first and keep the balances low because credit cards often carry the highest interest rates.
6. Avoid owing more than a third of your gross income on debt.
7. Close accounts when you’ve paid the balance owing. This will count in your favour as it will indicate that you are a lower risk.
8. Revolving credit is a bad idea and also usually carries high interest rates.
9. Remember that as much as you need to manage your own accounts, those of your spouse will also need to be in good shape if you’re applying for a home loan. The banks will want to know about their credit history too.
10. If you’re unable to pay the amounts due on your accounts in full, make an arrangement with the creditors to pay lower instalments over an extended period of time.