Banks will require building insurance on the property you’ve purchased. Sectional titles managed by a body corporate etc sometimes have this included in your levies. Freeholds you’ll need to acquire your own insurance. Don’t be afraid to ask your bank and compare quotes.
Seems a bit biased in the selling price argument. Thinking that a 8.5% annual growth rate is achievable or sustainable in a high interest rate environment is crazy.
this is perfect man thank you very much
Brilliant video, thanks man!
I've had my home loan application approved by one of the South African banks. Is it compulsory to take out any insurance on my home loan?
Yes
Banks will require building insurance on the property you’ve purchased. Sectional titles managed by a body corporate etc sometimes have this included in your levies. Freeholds you’ll need to acquire your own insurance. Don’t be afraid to ask your bank and compare quotes.
@@taylacalcott7839I'm actually buying an apartment in a complex. Does that qualify as Sectional Title?
Should show median not average prices tbh...
Seems a bit biased in the selling price argument. Thinking that a 8.5% annual growth rate is achievable or sustainable in a high interest rate environment is crazy.