What Credit Score Do You Need to Get a Home Loan?

Loading player...
When buying a home in South Africa, your credit score plays a bigger role than many people realise. It can influence whether your bond is approved, how much you can borrow, and the interest rate you’re offered.

In this episode, our AI hosts unpack what a credit score is, why banks care about it, and what score you generally need to qualify for a home loan, whether you’re a first-time buyer, upgrading, or investing in property.
9 Apr English South Africa Business · Home & Garden

Other recent episodes

Is it worth buying a house to rent out?

Buying property to rent out can be a powerful way to build long-term wealth but it’s not without risks and responsibilities. In this episode, our AI hosts unpack the pros and cons of buying a rental property in South Africa. If you’ve been wondering whether buy-to-let property is worth it,…
26 Jun 2 min

What are the benefits for first-time homebuyers?

Buying your first home can feel overwhelming, especially when affordability is a concern. The good news? First-time homebuyers in South Africa have access to benefits designed to make homeownership more achievable. In this episode, our AI hosts unpack the key advantages available to first-time buyers and what steps you can…
19 Jun 2 min

When renting, who pays for utilities?

Utilities costs can quickly become a source of tension between landlords and tenants, especially if expectations aren’t clear from the start. In this episode, our hosts break down who pays for what in South African rentals. Learn the difference between all-inclusive rent vs itemised billing, why your lease agreement is…
25 May 3 min

Property Transfer Costs in South Africa

Saving up for a property in South Africa? Don’t forget to include the price of transfer costs. In this episode, our AI hosts discuss how much you should budget for property transfer costs, as well as how you might be able to include those costs in your home loan.
8 May 4 min

Estate Agents’ Commission Ins and Outs

Selling your home is a big decision, financially and emotionally. Add legal paperwork, marketing, and negotiations into the mix, and it’s easy to feel overwhelmed. In this episode, our AI hosts break down how commission is set, who pays it, how VAT fits in, and when it becomes payable. If…
8 May 5 min