Hi Njabulo, As a first time buyer, did you apply for the FLISP? I'm considering purchasing property but want to find out If I can use the subsidy to cover such costs?

Hi Obakeng. I did not apply for it. When I read through the requirements I would not have qualified or rather the chances of me getting it where slim, given my income and the fact that I do not have any dependents. However I would recommend that you do, you never know, you might just get it and anything helps. Also, what I would suggest is buy something new (where you are the first owner) to avoid transfer fees. But do as much research and prep work as possible

​@njabulombuyazi5132 those requirements are so silly. I mean I think it should go up to 70k household income. I don't get why the middle class have such little support from government. In international terms, 70k per month is lower middle class.

Thank you.Congratulations on settling your car. Absolutely amazing

Hi Queen When comparing the actual interest amount paid ,which was higher between the fixed and variable?

@@obakengleseyane6493 the variable was lower compared to fixed rate. But knowing the interest rates are unpredictable and chances of them going up are higher, I settled for a higher rate that's fixed than variable rate that's gonna change and become much higher later.

@@queenmusapitso5406 thanks for sharing

Amazing Nwabisa, thank you for sharing a great experience

Thank you Itu, hope you are well

Thank you Ms Sassy

I am so happy we could help you

Awesome will do

Thank you my Leader

Thank you so much

Thank you. But they must take the tips lol, im not a registered financial advisor

@FinancialBunny Really, you could have fooled me because you clearly know what you talking about.

Absolutely my baba. Ill do that video next week

Yes please. Video on when busting property cash. Thanks babe

@@FinancialBunny can’t wait😊!!

Oki doki will do. Essentially the life Cover can be ceded to the bond issuer incase of death, But ill do a video

@@FinancialBunny more specifically will ceding the life cover add "weight" to the bond application in the case where the credit score is not that great (due to minimal/zero debt)? PS Thank you for the reply.

@@FinancialBunnyyes please life cover vs mortgage protection cover

If you are financed by standard bank please know that they don't review afterwards. Other banks it is possible

We wish you all the luck and remember with information you make informative decisions

I will do a video on the differentiation

@@FinancialBunny thank you 🙏🏻

Thank you

@@FinancialBunny you are welcome sis🤝

@@FinancialBunny Can we have content about pros and cons of building in the rural areas i know your content is mostly based on finance but the life is expensive now so we would like to know if moving to the rural areas is smart home?

Let me do some research

Then you don't owe anyone and plus there isn't a bond to be registered. however everything else is still applicable like transfer fees and all. Its just that the sale is between you and the seller through lawyers

Advantage: Fixed instalment for life. Disadvatage: Even if the interest rate is dropped to 0%, you will never benefit from that, you will still pay your 14% fixed rate :(

Take your time. Work with the numbers. Don’t feel pressurised and negotiate to the last cent. But what you can afford when you’re ready

@@FinancialBunny thank you for this. Will most definitely keep it in mind when I feel like it’s the right time financially 🤩

I will do a video on the Reporate

Not

Hey, I think she was making an estimate of how a 1 million rand house with a 10% interest rate from the bank would be approximately R10 000 in monthly repayments not neccessarily that 10% of a million is R10 000. 🤍

Did they offer you a good fixed rate?

How much is a good fixed rate?

@@FinancialBunny if I sign for 12months I move from 11,36% to 11.95% 12 months 11.36 to 12% 60 months 11.36 to 12.35% Excluding home owner’s cover and life insurance premiums Oh the flexi facility will be revoked too