The type of loan product you choose will depend on what you can afford monthly in principal, interest, property taxes, insurance and other costs. Learn about all the variables involved in getting a mortgage and the impact these variables have on your interest rate.
Before buying your new home, you can find the most common variables that go into calculating estimated monthly payments and interest rates provided here.
Budget drawn by Debt Busters: The money available to service Mr Classen’s debt is R7200 per month, but currently he has to pay R13,448 per month, so he certainly needed our debt review program.
Debt Busters then developed new repayment plans with lower monthly payments & interest rates and sent these to the credit providers asking for their agreement.
You should confirm your terms with the lender for your requested loan amount.
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Mr Classen was in arrears with many of his accounts and was in fear that his house and vehicle would be repossessed. Kate, one of Debt Buster’s debt counsellors spoke with the client to fully understand his position and then offered the best debt solution available.
The first step Kate took was to look at the client’s current household budget and explain the importance of developing a new monthly budget.
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Other lenders' terms are gathered by Bankrate through its own research of available mortgage loan terms and that information is displayed in our rate table for applicable criteria.