Is A Blacklist Preventing Home Ownership For You?
Is
the bank declining your South African right of Home Ownership just
because you defaulted or have a blacklisting in your past?
If you are blacklisted by history and intend to repair your adverse
record then perhaps there may be an alternative solution for you!
Last updated: 11 July 2009
Dear
Blacklisted,
One of the first requirements that lending institutions require in
regards to providing credit for a home loan is that you are not
blacklisted by history payments and that your credit score is not too
low! The reason your record is too low may be directly relating to a
blacklist on your credit profile.
Your credit score is determined by your repayment habits and therefore
missing payments (defaulting) or non payment may result in your home-loan being declined even
if you are now up to date on payments.
This means
that you may be putting
off house purchasing for up to 3 years or more waiting for your
blacklistings to be automatically removed purely based on the
fact that you were disqualified in the past because of a blacklisting.
"The other home purchase alternative people are seeking is blacklisted finance as a last resort! But perhaps this is more harmful than helpful to you..."
Loans
for blacklisted people is not the best answer as this mostly requires
that you already own existing property and that your blacklisted loan
does not exceed the 30% equity ratio of your home. To find
out more about this type of loan read this article "Are
You Sure That You Want Blacklisted Finance To Purchase Your Home?"
Most people who have a serious blacklisting usually are aware of their
problem however many are still surprised, so before you rush out and
waste time searching for a new property to purchase perhaps it's wiser
to ask "Am I blacklisted and if so then how bad is this blacklist?"
Simply request your credit report from Experian or TransUnion. Once you
are aware of the problem you then can take action to repair it!
If you are Blacklisted but you have a definite plan to repair your bad
credit profile then Bond-Free-Homes is here to help you own that house
you desire!
Bond
Free Homes is not offering you blacklisted finance or a bond for
blacklisted people. In fact these methods of property purchase are the
most expensive in the industry and definitely can cost you an absolute
fortune over the full term of ownership. Bond-Free-Homes does not
either offer to repair your blacklisting as we are not a credit repair
company either!
"Don't buy into the lie that
you cannot own your own home
if you have a blacklist!"
Beware Of the Snake Oil Salesman! (We are NOT credit providers)
There
are many credit providers offering to assist you with home loan finance
even when you are blacklisted and have a judgment against your name.
Please understand that Bond-Free-Homes are not credit or financial
services providers of any sorts!
As
most are aware the National Credit Act provides specific remedy and
guidelines for financial services companies and home loan companies to
follow thus if you wish to purchase a home the "normal" way then you
should be prepared for these credit and financial rules.
Purchase Your Home NOW! - The Easy And Affordable Way
Site Navigation
Is A
Blacklist Preventing Home Ownership For You?
A few forgotten defaults and you won't be able to qualify for home
ownership. Find out what alternatives you have and also how to repair
your credit record.
(Article) Current Properties To Let
& Buy
Uploaded are just a few of our properties available (some taken
already). Please note that our houses are taken very quickly as there
is a small release every month and if you wish to be informed and
in-line to receive detailed property listing information then you MUST
register first.
(Article) Are You Sure That You Want A Bad
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