PREPARE YOUR FINANCES! ENSURE A SUCCESSFUL HOME LOAN APPLICATION WITH THESE EXPERT TIPS  

You often hear experts talking about a budget, a great credit score, and finding a qualified agent to help you make the best property purchase. What exactly are the key elements to consider when securing a successful home loan application? In this episode, our expert will shed some light on some of the crucial steps and the necessary considerations for every first-time homebuyer. Are you ready for this informative episode, make sure you set your alarm and tune in at exactly 7pm!   #YSYR #YourSpaceYourRules #PrivateProperty 

Guest Name – Barbara Mundell  Designation- Accountant & Tax Practitioner, Financial Planner, and Director  Guest Company Name: Barbara Mundell Consult  Website link: https://www.barbaramundell.co.za/about/barbara-mundell/Linkedin: https://www.linkedin.com/in/barbara-mundell-cfp®   

Chapters/Bookmarks  00:00 Show starts 00:41 Introduction by Zama 03:24 Question 1 - Take us through the first few things of finance when applying for your first home. 03:33 Answer 1 - Barbara Mundell 05:40 Question 2 - Debt vs Assets - What is the sweet spot? 06:10 Answer 2 - Barbara Mundell 08:33 Comment 1 - YouTube - Siphokazi Fikeni 09:25 Question 3 - How do we safeguard against bad credit scores? 10:16 Answer 3 - Barbara Mundell 12:57 Questions 4 - What to do with or avoid unplanned expenses when purchasing a new home/property? 13:04 Answer 4 - Barbara Mundell 17:18 Break 18:25 After the break with Zama 19:10 Question 5 - Some of the mistakes you've seen in the home loan application seen? 20:16 Answer 5 - Barbara Mundell 22:44 Comment 2 - Facebook  26:46 Comment 3 - Instagram 27:25 Question 6 - YT - Interest rate to be fixed 27:36 Answer 6  - Barbara Mundell 28:28 Comment 4 - Facebook - Credit score bad even after debt settled. What to do? 28:36 Answer Comment 6 - Barbara Mundell 30:46 Comment 5 - IG - How do I improve my finance and credit score as a teenager? 31:25 Answer Comment 5 - Barbara Mundell 32:13 Comment 6 - Facebook - What is the importance of keeping the installment as is? 32:28 Answer Comment 6 - Barbara Mundell 33:27 Comment 7 - Finance looks at 3 areas 36:16 Comment 8 - Can one get a tax number from outside the country? 36:20 Comment Answer - Barbara Mundell 36:45 Question 5 - How long does it take to get feedback from the seller once you get the OTP [Offer To Purchase] 36:55 Answer - Barbara Mundell 37:32 Comment 9 - YouTube - Credit card payments 37:45 Comment Answer 9 - Barbara Mundell 38:16 Comment 10 - Advice on a cash property purchase? 38:26 Answer Comment 10 - Barbara Mundell 39:51 Comment 11 - IG - Bond reject after settled debt? What to do? 40:12 Answer Comment 11 - Barbara Mundell 41:36 Final Tips - Barbara Mundell 42:00 Closing Remarks - Zama