subject: Standard Bank Home Loans Made Easy! [print this page] Standard Bank Home Loans Made Easy! Standard Bank Home Loans Made Easy!
If you are on the market to purchase your first property, and are not quite sure how to go about it, then I suggest you read on to discover that purchasing your first home, although it is probably one of the biggest investments you will make, it does not need to be the most difficult or confusing. Standard Bank makes the process easier by explaining in detail what you need to do to get started. You can both telephone them and speak directly to a consultant or you can go to the website and click on the home loans section.
In this section you will find everything you need to know about purchasing a home and also whether you qualify for the home of your dreams. On the site you will find a step by step guide, helping you through the process of calculating what you can afford, the house hunting process, the offer to purchase process and all of the other steps needed to be taken to lead you to the purchase of your dream home.
Home loan basics
Because the prices of homes are so costly most people cannot afford to pay the lump sum of the purchase price, and so therefore have to take out a loan by the bank. These loans are paid back to the bank over a period of time with interest.
Steps to acquiring your home loan
Standard bank has made it simple by giving you a step by step guide to acquiring your home loan and buying the home you can call your own.
Step one: The first step you need to take is to calculate how much of a bond you qualify for based on your income, expenditures and a list of other factors. These can be done easily using the home loan calculator tool on the Standard Bank website.
Step two: This is the fun step: it is time to go house hunting and search for a house that meets your requirements within your price range.
Step three: Now that you have figured out how much of a bond you can afford, and you have found your perfect house, you have to sign an offer to purchase form. This is a contract which has all the terms and conditions relating to the purchase and sale of the property.
Step four: Once you have negotiated with the seller and everything is to the satisfaction of both parties, you would then approach Standard bank for your home loan.
There are still further steps after this leading to the approval of the home loan and the purchase of your home. And Standard Bank has made all these steps clear on their site including, a definition of terms should you get stuck. If you have any questions along the way you can always contact a consultant and clarify certain points. Purchasing your dream home is an investment in your future and Standard Bank will help you every step of the way making the process as easy as possible.
