Banks want between 15% and 20%, on average.— Shaun Rademeyer, BetterLife Home Loans
The slowing economy has not as yet caused a decline in the percentage of home loans applications that banks approve.
Banks have, however, started to raise deposit requirements in recent months.
The Money Show’s Bruce Whitfield interviewed BetterLife Home Loans CEO Shaun Rademeyer.
Scroll down for quotes from the audio below.
Banks are managing risk with higher deposits.— Shaun Rademeyer, BetterLife Home Loans
It’s not just about your personal track record, but also about the area in which you’re buying.— Shaun Rademeyer, BetterLife Home Loans
A bigger deposit gets you a better interest rate.— Shaun Rademeyer, BetterLife Home Loans
Every week The Money Show’s Bruce Whitfield interviews a famous person about her or his attitude to money (hopes and fears, successes and failures, etc.)
Ian Mann discusses his new book “The Executive Update: The latest business ideas distilled into one practical guide”.
These three shares are the best investments on the JSE right now, says Cannon Asset Managers Portfolio Manager Samantha Steyn.
Vive la France! Markets - and the rand - are cheering the results from the first round of France’s presidential elections.
Take these 5 steps, says Personal Finance Consultant Samke Ngwenya, and you’ll have your bank’s approval in no time.
A new cellphone application helps people access their credit profiles and safely upload their full credit reports.
BirdLife South Africa will host over 2000 birders for this year's Flock at Sea cruise.
Naked scientist Chris Smith explains brain activity associated with dreaming, as well as why you are likely to talk in your sleep.
The husband of missing Charlotte Nikoi has pleaded with public to come forward with any information regarding her whereabouts.
Take a look at the 6 six proposals that have been received by the City for the Foreshore freeway precinct.
The Money Show’s Bruce Whitfield interviews Standard Bank Chief Economist Goolam Ballim.
Captain Inger Klein Thorhauge is the first female ship captain to work for Cunard and shares her experiences with Pippa Hudson.
These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.