Community

GOOD NEWS FOR FIRST TIME PROPERTY BUYERS & NEW HOME OWNERS

EXCITING DEVELOPMENTS FOR FIRST-TIME HOME BUYERS AND CURRENT HOMEOWNERS

The current real estate market has presented challenges for first-time home buyers, with soaring home loan interest rates that have risen from 7% to a substantial 11.75% over the past few months. 

However, amidst this discouraging news, there is a glimmer of hope. 

THE GOOD NEWS

Recent increases have been made to the First Home Finance Subsidies, previously known as FLISP, which could significantly benefit prospective buyers and provide relief for current homeowners.

GOOD NEWS FOR NEW HOME BUYERS

These adjustments mean that first-time home buyers now have the potential for greater purchasing power, particularly when the subsidy is factored into their property finance arrangements.

GOOD NEWS FOR CURRENT FIRST HOME OWNERS

Additionally, there is fantastic news for current first homeowners. 

If you have never applied for the subsidy before, you now have the opportunity to apply retrospectively, allowing you to potentially benefit from this initiative.

Click here to read more:

Meyer de Waal

021 461 0065

[email protected]

Written by / 51 Articles

My Bond Fitness is the brain child of practicing attorney, Meyer de Waal. "Our vision is to see every South African unlock their true financial potential and achieve one of the cornerstones of freedom – their own home."