Fred Reynolds Estate Agency: SOLE PROPRIETOR#Diane Smit

05/03/2025

An initiative by SHOAGT and LEFRA.

27/02/2025

💍🏡 How Your Civil Marriage Affects Your Home Loan Application!

Thinking of buying property? Your marital status plays a key role in your home loan application! Here’s what you need to know about civil marriages/unions in South Africa:

✅ Married in Community of Property (COP) – Both spouses share assets & liabilities and must apply for the home loan together. No exceptions!
✅ Married Out of Community of Property (ANC) – Each spouse is considered a separate legal entity, meaning you can apply for a home loan alone without needing your spouse’s involvement.

⚠️ Important Tip: Misrepresenting your marital status to the bank can cause delays and reapplications once the attorneys conduct due diligence. Always be upfront to avoid setbacks!

At Phoenix Bonds, we guide you through the home loan process—making sure everything is done right from the start!

Read our blog article for more info:https://www.phoenixbonds.finance/Insights/entryid/898/marital-status-and-your-home-loan-application

27/02/2025