< R10m annual turnover
> R10m annual turnover
So, you're in the market for a new home, here are some guidelines to help you every step of the way.
Know what you want
Know what size suits your needs and give good consideration to your choice of area.
You can download and view detailed area reports for your chose area.
Know exactly how much you can afford. It's not just the instalment you'll be paying - you need to include insurance (homeowners, household and life) and municipal costs in your budget.
to see how much you'll need on a monthly basis, to cover the bond. After that you need to add the additional costs to this figure.
A home loan for first time buyers can be difficult to understand, so contact an FNB Home Loans consultant on 087 730 11 44 or visit your nearest branch. You could go online to do an affordability assessment to find out exactly how much credit you can access for your new home.
Putting down a deposit
You may need to put some of your own money on the table before you can buy a house. Depending on your financial situation, some of our home loan products allow you to qualify for larger home loans without paying a deposit.
The right package
FNB has a wide range of financial products tailored to meet your individual requirements. It's important to choose a Home Loan package that works for you.
Plan for additional costs
Be aware of other once-off costs that you will have to pay, over and above the deposit. These include initiation and administration fees, legal costs, bond registration fees and VAT/transfer duty.
There are a number of factors to consider when determining the initial amount to offer on a home
View as many properties as possible. Make comparisons. Make a short list. Sleep over the short list. Do not guess or assume anything. Ask the seller or estate agent as many questions as you can until you are totally satisfied. It is your responsibility to ensure that a prospective home will not require excessive future maintenance.
It's now time to think about signing an offer to purchase with the seller and to complete your home loans application. Ask for assistance on 087 730 11 44, or apply online or contact your nearest FNB branch.
Required documentation for applicants
Required documentation for applicants:
Let us guide you through the process with our useful checklists that prepare you for your big day with great tips on helping you settle in faster.
The buying process can be rather complicated and lengthy but here are some general guidelines to assist you every step of the way.
Buying a home
Do your sums
Banking on a budget
Understanding the costs
Begin the search
Know what you are buying
Checklist for first-time buyers
Checklist for existing home owners
Tracking your home loan
Signing on the dotted line
Preparing for the big move