Today's Big Stories

Are you self-employed and in need of a home loan? Here's what to do

Most people dream of having their own home with a white picket fence - but what happens if you have no pay slip.

Applying for a home loan when you are self-employed can be a tedious process and this is acknowledged by Guy Saville, Director of Information Technology, Systems and Credit at SA Homeloans.

He says the problem is that most self-employed people don't have their finances in order to prove to the banks that they have a stable income.

You need to be able to show clearly and convincingly how much money your business actually earns, how much is spend and how much you get to take home with you.

Guy Saville, Director of Information Technology, Systems and Credit at SA Homeloans.

A lot of business people don't have their finances in order, they don't have clear accounts and don't separate their personal expenses from their business.

Guy Saville, Director of Information Technology, Systems and Credit at SA Homeloans.

You need to be able to show that you can afford to make those payments... if all is in order it becomes much easier to obtain a loan.

Guy Saville, Director of Information Technology, Systems and Credit at SA Homeloans.

So that's the answer - make sure your finances are organised and accounts are in order so you can show the bank a consistent track record of your income.

To find out more about how self-employed people can get home loans, listen below:

Read More
Veterans and ANC not on same page about terms of consultative conference

Veterans and ANC not on same page about terms of consultative conference

ANC vets want civil society groups present at the consultative conference, which they want held separately from another meeting.

Top SABC journos applauded for brave testimony

Top SABC journos applauded for brave testimony

EWN's Gaye Davis summarises the evidence of the SABC journalists who appeared before the ad hoc committee in Parliament.

If you're gona be a hero (and smash a car window), make sure you can prove harm

If you're gona be a hero (and smash a car window), make sure you can prove harm

A criminal lawyer explains what leg citizens can stand on if they witness a child or pet locked in a vehicle in risky conditions.

Mysterious VBS Mutual Bank under the microscope

Mysterious VBS Mutual Bank under the microscope

VBS Mutual Bank faces a great deal of scrutiny over its shareholder details and unique loan agreements, after lending Zuma R7,8m.

How to qualify for a R7.8 million loan

How to qualify for a R7.8 million loan

Jacob Zuma says he borrowed R7.8 million to pay back the Nkandla money. Bruce Whitfield interviews Galileo Capital’s Theo Vorster.

Need a home loan? Banks are requiring ever larger deposits

Need a home loan? Banks are requiring ever larger deposits

The Money Show’s Bruce Whitfield interviews BetterLife Home Loans CEO Shaun Rademeyer.

Popular articles
I paid for it, says Police Commissioner Phahlane. No you didn't, says Ipid

I paid for it, says Police Commissioner Phahlane. No you didn't, says Ipid

John Maytham interviews EWN’s Barry Bateman about the allegations against the Acting National Police Commissioner.

Orcas spotted in Langebaan Lagoon must've been hunting, says conservationist

Orcas spotted in Langebaan Lagoon must've been hunting, says conservationist

Capetonians are accustomed to seeing whales playing along the coast, but it is very rare to hear of orcas in the Langebaan Lagoon.

Photographer captures Cape's dwindling dam levels with a drone

Photographer captures Cape's dwindling dam levels with a drone

The latest figures show dam levels at 36.8%, which means they could run almost empty by the time 2017 the winter rains come.

Culprits spotted deliberately starting fires in the Cape

Culprits spotted deliberately starting fires in the Cape

Chief Fire Officer at Overberg District Municipality says arson is a problem they are all too familiar with.

Find out what the city-approved borehole sign looks like

Find out what the city-approved borehole sign looks like

Cape Town residents are concerned that residents might be wasting water and lying about having boreholes by using fake signs.

Meet Chuma Somdaka, a homeless artist who blogs about art

Meet Chuma Somdaka, a homeless artist who blogs about art

Chuma spends her days making art and her nights on a bench in The Company's Garden in Cape Town where she displays her artwork.