Archive for March 15th, 2008
The Completion of Mortgage Loan Application Forms continue…
Saturday, March 15th, 2008Marital status
The sex and marital status of the applicant are required to ascertain whether the applicant is empowered to acquire and/or mortgage or incumber fixed property. Since the promulgation of the Matrimonial Property Act No. 88 of 1984 on November 1, 1984, additional information on the marital status of both male and female applicants are […]
The Completion of Mortgage Loan Application Forms
Saturday, March 15th, 2008A full understanding of the reasons why such varied items of information are required by financial institutions (banks) on mortgage loan application forms will make the completion of these essential documents easier and less time-consuming. At the same time, the processing of applications will not be needlessly delayed by the institutions having to call for […]
Sectional Title: The Pros and Cons Part 5
Saturday, March 15th, 2008The cost of improvements and extras must now be calculated. These will include lifts, swimming pools and garden improvements. Again this value is multiplied by the participation quota.
To the sum of these amounts the developer’s finance charges must be added.
Now that we have the basic value, we must look at the variance factors. If a […]
