You are  in the process of selling a house to a client in Jamaica at the value of R1 980,000.  Your client is buying in South Africa. He client will be applying for a home loan and has asked you to assist him with the mortgage process. 

You have to advise him on the following -  different loan repayments from financial institutions, the affordability requirements and FICA requirements.   

You have to list and include the following:

At least three different loan payment options and the monthly repayment

The Bank's qualifying criteria requirements

The amount he will have to pay to the Bank for the evaluation of the property

The VAT amount charged for the client

South African Real estate question,  our current interest rate is 11.75%

Answer rating: 100% (QA)

Greetings Client We appreciate you choosing us to assist in you in the mortgage process There are many loan repayment options and affordability requir... View the full answer