Adelle Riley at GetGo Home Loans

"At the recent South African Reserve Bank's Monetary Policy Committee (MPC) meeting, the interest rate was kept unchanged. This decision comes amidst a complex backdrop, as the central bank recently announced its preference to anchor inflation at the bottom end of its 3%-6%target band, a move that is currently being tested by economic data. The decision to hold is regarded as a way to control price pressures and guide inflation expectations down to the new, lower target, particularly as a recent inflation reading has shown a slight uptick. This remains a low interest rate environment, and further rate cuts are still forecast for later this year."

Clint Bower
Head of Sales

In South Africa, the standard home loan interest rate is variable, meaning it’s linked to the prime lending rate and can change over time based on decisions made by the South African Reserve Bank.

Some banks offer fixed interest rates, but these are less common and typically only available for a limited period – usually 12 to 24 months. After that, the loan reverts to a variable rate.

Note: Fixed rates can be useful for budgeting in the short term, while variable rates may benefit you if interest rates drop.

Read more: https://bit.ly/3Hv88r3

The rising influence of women as the property industry evolves: Women don’t just buy homes; they secure their future at the same time.

Women are becoming increasingly dominant players in the local property market as well as globally. There are many factors that have driven this shift over the last ten years, like growing financial independence and stability, a desire for security, and a shift in societal norms that prioritise women's financial well-being.

Women invest in homeownership due to the greater sense of community and belonging that it creates. They are not only buying homes for themselves but also increasingly investing in property as a means of wealth building and financial security.

Source: Lightstone and Property24

First Home Loan Installment after registration!

Contact me Today for your FREE Pre-Qualification or Home Loan Application. 🏡

I look forward to finding you the best home loan deal.

📞 078 624 4709
📧 [email protected]

Trusted to be part of the BEST – GetGo Home Loans

Trust Pilot review link.
https://www.trustpilot.com/review/getgohomeloans.com?search=Adelle&utm_medium=trustbox&utm_source=MicroReviewCount