We are in the process of buying a house. It is sold by the bank (ABSA) and we wanted to apply for a home loan through SA Homeloans, because they make all these wonderful promises on their radio adverts. But when I phoned them, I was told you cannot fincance a house through them if it is a bank's house. As they do not deal with loans for property from other institutions. Only if you buy a house from a person, they will deal with the home loan.
So I suppose getting a loan through SA homeloans, it has to be paid in full by the previous owner, before you can get a loan from them??? This makes no sense at all.
Why can I not get a loan for a house that I am buying from a bank? Is all homes not bank property until paid off? Telling you it is a hassle free experience to get a loan from them... if you are buying from another person, not a bank...
They to the public and this should be taken further. They should specify in their advert, that you cannot get a loan if the property belongs to a bank, but only if the property belongs to a person.
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