The cheapest home loans

Finding the cheapest home loans is easy when you make use of CKM Homeloans even when you are a first time buyer with no experience of the bond registration process. Consider the following scenario. You found the house of your dreams. A property where you can raise a family, make memories and grow old. But can you afford to buy it? It should not be the question you need to ask. What you should ask is can you afford not to own that house? When you rent, you only benefit your landlord. Owning property, even though expensive, is still one of the best investments you can make.

CKM Homeloans will help you to obtain that dream home. All buyers making use of CKM Homeloans can be assured that we will help you to get the cheapest home loans.

Where to start

Applying for finance to purchase property can turn that dream of owning your first house, into a nightmare. At present there are numerous bond options to choose from. If you are not familiar with the process and procedures to follow, the paperwork and the time constraints can be frustrating and very costly. You want to make sure you get the best possible deal on your bond and interest rates. This is why potential buyers should call in the help of the CKM Homeloans experts who have been in the business for many years and able to secure the cheapest home loans.

Why do buyers need the cheapest home loans?

Homeowners, especially first time buyers, need to keep the cost for a mortgage bond to a minimum. You will need to have money available to cover the following costs:

Deposit to secure the property

This is usually an amount of 10% of the sales price and will be paid into the trust account of the attorney handling your bond registration.

Assessment fees

This is a once off payment made to the financial institution that covers the administration cost for the bank to process your application.

Valuation fees

The amount paid to send a property assessor by the bank to determine the property value.

Registration fees paid to the attorney

This is the money payable to the attorney for the cancellation of the existing outstanding bond on the property and registering a new bond on your name.

Transfer duties payable to SARS

This is tax levied by the government and paid over to the National Revenue Fund.

However, this still does not explain why you should have access to the cheapest home loans.

When you purchase a property, there are also expenses involved for moving and setting up your house. You might want to put your own personal touches on your house and your partner may not like the colour of the kitchen. All of which will cost money to change. After you have paid the deposit, bank, government and the attorneys, your funds can be depleted.
This means no money left to pay for your move, to service your bond or maintain your house and municipal fees.

You also have to pay for the insurance required by most financial institutions to secure the bond. This includes life insurance as well as building and house content insurance. You will have to pay for the water and electricity to be connected as well as rates and taxes. These factors all come in play and form part of the reasons why buyers need to secure the cheapest home loans through the use of CKM Homeloans.

How will the interest rate affect you?

The interest rate negotiated on your bond can either make or break you. If the prime lending rate should change will you still be able to afford the repayment amount on your bond? CKM Homeloans stay abreast of the ever changing property market and will be able to give you accurate information regarding your mortgage.

We are able to secure the cheapest home loans with the best possible interest rates. We will advice you on the best options when it comes to the choice between a fixed interest rate or a variable interest rate bond. Our experts know the market and are able to help you determine the best payment period for the fixed rate choice, should you opt for it. This means you will be able to keep the interest you pay on your bond the same for a set period.

CKM Homeloans are dedicated to the provision of accurate advice and information so you can make an informed choice regarding the cheapest home loans.