Are you in the market to buy a home?
Ingram discussed the following checklist for deciding if you can afford to buy a home:
Have you got a deposit saved?
Do you have enough money to cover transaction (e.g. bond registration, transfer fees, etc.) and moving costs?
Do you have an emergency fund for unplanned costs?
Is your income stable and are you sure you can repay the full monthly costs (i.e. mortgage, rates/levies, insurance and maintenance expenses, etc.)?
- Are you planning to stay in the house for eight years or more?
Listen to the informative interview below and/or scroll down for quotes from it.
It’s better to rent if you’re going to move in, say, two years’ time.— Warren Ingram, Galileo Capital Financial Advisor
House prices don’t increase by more than a percent or two above inflation... I don’t see property as a no-brainer investment.— Warren Ingram, Galileo Capital Financial Advisor
I shared accommodation until I was 30.— Warren Ingram, Galileo Capital Financial Advisor
Set aside one percent of the value of your property per year for maintenance.— Warren Ingram, Galileo Capital Financial Advisor
The Money Show Bruce Whitfield interviews famed tech commentator Simon Dingle.
Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis about his whirlwind fact-finding mission abroad.
The Money Show’s Bruce Whitfield interviews Financial Life Planning Institute Certified Financial Planner Kim Potgieter.
The Money Show’s Bruce Whitfield interviews Spur CEO Pierre van Tonder.
The Money Show’s Bruce Whitfield interviews the CEO of Bataung Memorial Tombstones.
The Money Show’s Bruce Whitfield interviews Investment Solutions Chief Economist Lesiba Mothata.
The rand strengthened against the US. dollar to 13.0218 following the reports that the ANC NEC could remove President Jacob Zuma.
A new survey shows the not-so-small-anymore bank has the best digital banking offering in South Africa.
19 people have been killed and 52 injured in blast at Ariana Grande concert in Manchester Arena on Monday night.
Looking for stock picks? Bruce Whitfield interviews Falcon Crest Asset Managers Chief Investment Officer Farai Mapfinya.
The gym will be imposing strict measures to save and use water wisely across the city.
These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.