Home Loans, Loans, Finance...

It is not often that we at Wizard home loans can actually say that we're closing office early due to a sporting event. But with the sporting event of this magnitude that is officially opening it's doors tomorrow, we don't really care!

Tomorrow for those of you totally out of touch with life, is the offical opening of the 2010 soccer world cup at the Soccer City stadium in Johannesburg, South Africa. A spectacle that we have not yet been priveledge to in South Africa.

To help celebrate this momentous occassion we're running a different special every 3 days in honour of South Africa and Bafana Bafana.

Any non South African citizen buying a property in South Africa, who uses Wizard Home Loans for the financing will receive a 0.35% CASH BACK offer on the total loan amount granted. So, if you need a home loan today, GET HOLD OF US - 012 341 2223 and speak to Steven.

We at Wizard Home loans continue to make magic, except this time it's on the insurance front not the home loan front.

With our new partnerships in place, we at Wizard Insurance Company bring you the chance of a lifetime.

Having partnered with various insurance brokers and companies our insurance partners are able to quote you from over 9 insurance companies. This means that you're almost guaranteed to SAVE yourself up to 30% on your insurance quote.

This saving comes in the form of car insurance, life insurance and even home loan insurance otherwise known as bond insurance.

So what are you waiting for? Get your online insurance quote TODAY and SAVE!

Click here for Car insurance quotes online.

Click here for Life insurance quotes online.

Christina Aquilera says it best. Back to basics.

Well that's exactly what the banks have done. They've brought it back to basics. Before I ramble off about the banks, WELCOME BACK ABSA home loans, we officially have 100% home loans back in South Africa.

SO to give those of you who missed the entire CREDIT CRUNCH a little rundown, South Africa has not had 100% home loans since 2008.

This move by ABSA bank comes 6 months after Standard Bank home loans opened up the doors to their own banking clients offering them 100% home loans if they applied directly with their own bankers. ABSA however seem like they've taken this once step forward and offered this via Bond Origination channels i.e. Wizard Midrand (That's us) allowing ONLY ABSA transaction clients to offer the 100% bonds to.

According to resources, this is open to all ABSA clients, but I have a feeling this 100% home loan offering will be for first time buyers only....

Either which way, congratulations to the banks in South Africa, for keeping their cool, sticking to their guns and giving us South Africans the opportunity to get back into the property market.

VIVA ABSA home loans... let's get back to basics...

For those of you wanting to earn a good extra bit of income for the 2010 world cup, I believe it's time I mentioned South Africa' leading online rental site.

Rent a Room 2010, offers South Africans and non South African the chance to make some money by renting out a room for the 2010 world cup or renting out your property for the 2010 world cup.

If 2010 world cup accommodation is something that interests you, then look no further.

Click here to check out the 2010 accommodation specialists.

2010, It's time for the world Cup staged in SA and you need to pay for your tickets, send money as a deposit for your accommodation or open a bank account. Be part of the 2010 Soccer World cup.

Using Forex Fundi and our partners GCEN its as simple as ABC.

Send us a mail or call your personal currency dealer on +27 12 341 2223.

OUR DEALERS WILL ASSIST YOU ALL THE WAY!

NO TRANSFER FEES - that’s the gain for you!

BETTER INTEREST RATES - we use our bargaining power to pass the better rate than you can get from your bank - anytime.

GREAT SERVICE

WorldCup Football and you and your money - the winners for 2010 South African World Cup extravaganza.

Pay for your World Cup 2010 rent and accommodation, your world cup 2010 soccer tickets, your 2010 tour, or 2010 travel or 2010 soccer package.  Whatever you do use FOREX FUNDI for your discounted currency transfer - go on treat yourself to some of your own money.  The 2010 world cup is expensive as it is. 

Some great news! Thanks to ABSA's new initiative, we at Wizard now have some great news for ABSA bank clients!

ABSA have announced the availability of 100%

loans to existing ABSA customers who purchase a ABSA distressed property or a ABSA PIP (these are properties in possession).  This product is not available to self-employed applicants or on vacant land loans.  The full qualifying criteria for this 100% loan product is contained within this article - Absa properties in possession.

Let's begin FRIDAY with: WE LOVE YOU FNB & NEDBANK!
You have officially brought the FUN back into home loans...

Fnb Home Loans memo...

Due to the current economic climate, FNB Home Loans has made certain changes to its LTV criteria. These changes will be in effect from 02 October 2009.

Product	Loan To Value (LTV)	Property value
Freehold Residential and Sectional Title	Up to 100%	R 2 million and less
Building Loans	Up to 90%	R 2 million and less

* There will be a LTV adjustment for all properties in excess of R2m.

Kindly note that all new applications submitted prior to 02 October 2009 where an Approval in Principle (AIP) has not been finalised will be assessed in terms of the new LTV criteria, however applications Approved in Principle prior to 02 October 2009 will not be considered under the new LTV criteria.

All loans granted are subject to the Banks acceptable credit criteria, and LTV’s will be based on the lower of cost price or FNB Home Loans valuation.

We will continue to provide up to 100% LTV’s on our Quick Sell properties (www.quicksell.co.za) and Affordable Housing.

We thank you for your continued support and ask that you please communicate the above changes to all your staff and business partners.

 

Nedbank home loans memo...

Nedbank Home Loans will be introducing the following LTV (Loan to Value) changes effective the 29th of September 2009.

29 September 2009 LTV Lending Criteria update: 

Product	Loan To Value (LTV)	Property value
Freehold Residential and Sectional Title	Up to 100%	R 3 million and less
Building Loans	Up to 100%	R 3 million and less
Further Loans	80% Irrespective

 

Please note that Building Loans will be treated like First Loans, and where a “Building Loan” Further Loan is involved it will be treated as a Further Loan.

Kindly note that 100% LTV offerings are dependent on successful confirmation of a favourable client risk profile. Should a client profile not meet the Bank’s minimum risk criteria, the Bank will reserve the right to decline or issue a lower than 100% LTV.

All changes applicable will relate to residential home loans submitted to Nedbank as of the 29th of September 2009.

Home Loan applications that are currently in the Bank’s system will be processed as per previously communicated LTV rules.

I would kindly request your assistance in distributing the communication to the respective sales channels including aggregation businesses and associated agents.

Please direct all operational queries to your local Nedbank sales representative for immediate assistance.

I know I'm going to take some flack for this article, but fortunately enough for me, you cannot comment on this post :). Times have been tough the last couple of months for everyone, and with alot of people starting to free up some of the debt they've run themselves into, they're feeling they need a break.

Why not spoil yourself - treat yourself to a HOLIDAY, maybe a new car, possibly even a little upgrade on your existing house. We all know your wives would love a new kitchen. What better way to do this than using a 2nd mortgage or further loan.

If you're looking for a 2nd mortgage, read up a little about it first.

P.S. Finance management is key!

Readers... In the last few months trends reveal declining house prices - this trend is forecast to continue  for some time to come. The decline in the property recession seems to have hit the Large Home category more then the rest - an indication of the strain experienced in the market for larger and more expensive properties, with buyers focusing on smaller and more affordable homes.  In April this year, the average price of a large home declined by a massive 4% to around R1 340 700 - the biggest decline since September 1985.

All of this of course means that, should you be considering buying property - now could be just the right time to realise that dream.  If you do your homework well you should  enjoy a premium price of property at a really good price.  When you do....be sure to let  Wizard Midrand take care of your Home Loan needs.  You can rely on us for support and assistance that can be invaluable as a Homeowner - together with many value-added benefits that really make you feel at home;

Insurance
Property
Money Transfers
Fractional Ownership
Debt Consolidation
Personal Loans
Bridging Finance

to name just a few!

Whatever the economy looks like, investing in your property is ALWAYS a good move - increasing its value is a way to ensure you get your money back.  It also means that you can live in the Home you really want.  Therefore, if renovations are on the cards, if you'd like to extend your home, build on a new room or revamp your kitchen, your Home Loan is the key......

Contact our dedicated professionals, willing to go the extra mile to make sure that your experience is as convenient and efficient as possible.
And on top of it all - this service is completely FREE of charge.

Contact Steven, Lynne, Bruna or Storm today on 012 341 2223.