Are you in the market to buy a home?
Ingram discussed the following checklist for deciding if you can afford to buy a home:
Have you got a deposit saved?
Do you have enough money to cover transaction (e.g. bond registration, transfer fees, etc.) and moving costs?
Do you have an emergency fund for unplanned costs?
Is your income stable and are you sure you can repay the full monthly costs (i.e. mortgage, rates/levies, insurance and maintenance expenses, etc.)?
- Are you planning to stay in the house for eight years or more?
Listen to the informative interview below and/or scroll down for quotes from it.
It’s better to rent if you’re going to move in, say, two years’ time.— Warren Ingram, Galileo Capital Financial Advisor
House prices don’t increase by more than a percent or two above inflation... I don’t see property as a no-brainer investment.— Warren Ingram, Galileo Capital Financial Advisor
I shared accommodation until I was 30.— Warren Ingram, Galileo Capital Financial Advisor
Set aside one percent of the value of your property per year for maintenance.— Warren Ingram, Galileo Capital Financial Advisor
The rand is going from strength to strength. The Money Show’s Bruce Whitfield interviews Treasury One’s Andre Cilliers.
The Money Show’s Bruce Whitfield interviews celebrated journalist Nikiwe Bikitsha, who is exploring the Zambian capital Lusaka.
Succession in a family business often fails. Aurik Business Accelerator’s Pavlo Phitidis on how to make it work…
The Money Show’s Bruce Whitfield interviews Veritas Wealth Certified Financial Planner Barry O'Mahony.
The Money Show’s Bruce Whitfield interviews Blu Blood cofounder Osman Osman for his weekly “ShapeShifter” feature.
The Money Show’s Bruce Whitfield interviews ETM Analytics Chief Economist George Glynos.
Bruce Whitfield interviews "Dr Eve" Wasserman about her attitude to money (hopes and fears, successes and failures, etc).
Got a spare R200 or R300 a month? Here’s how to make that money work hard and grow…
"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.
In 2001 Naspers invested $32 million in (then tiny) Tencent. Learn more about the wildly profitable Chinese behemoth...
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?