Life insurance is strongly recommended. In the event that you are unable to continue payments of the home loan, due to unforeseen circumstances such as disability and death, the bond will then be covered by the life insurance policy.
Buying a home is both exciting and stressful - determined by an infinite number of factors that vary depending on the lifestyle you want or the needs you have. However, everyone’s journey starts at the same place - how much you can afford to spend on a home.
House-hunting is always stressful, especially so for first-time buyers worried about making a mistake that could end up costing them a lot of money. However, they can easily take the strain out of the situation by following some basic guidelines.
Financial mistakes to avoid during the home buying process
19 Aug 2022
While saving up a deposit to purchase a property is a great financial feat, there are several other financial considerations that buyers need to keep in mind when preparing to purchase a home, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
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