FNB Home Loan

Whether you are a first time buyer or someone who is upgrading their home, the FNB Home Loans can help you purchase the property of your dreams. They offer a variety of products designed to fit your budget. Most choose to go with either the traditional home loan and first time buyers love the Bond Plus option.

A Traditional Home Loan is for those who are buying an existing home and have the cash to put down a deposit along with the transfer and registration costs. A variety of loan terms are offered so you can extend your payments up to 30 years. Financing, in most cases, will be for 80% or less of the purchase price and you choose short term fixed interest rates, BA linked interest rates and variable interest rates, depending on your needs. If you wish to, you can take advantage of Future Use which allows you to register a mortgage that is larger than your home loan for unexpected events. Further Bond is similar in that is allows you to register money in addition to your mortgage. Re-Advance is another option that you may choose. Here you can obtain money already paid off and use it against the loan. Pay the loan off early by making additional deposits and enroll in Flexi Bond so you can access these deposits if you wish to. Certain qualifying criteria must be met.

For those who don’t have the cash for transfer and registration of a property, the Bond Plus option offered by the FNB Home Loan may be perfect. Here you will again have a choice of loan terms up to 30 years and financing covers 100% of the property value along with 8% to cover the registration and transfer costs. Select either a variable interest rate or a short term fixed one. Payments are made through stop orders or debit orders and you have access to the same programs offered with the Traditional Home Loan. The only one you will not qualify for is the Flexi Bond program. Certain requirements must be met for you to qualify for this type of loan also.

Sit down with a loan origination officer today to discuss these products offered by the FNB Home Loan. He or she will look at your finances and other factors to determine which program is right for you. Don’t let your dream home get away when help is available. If you do, you may regret it for years to come.