Jenny Rushin from Betterbond joins us in this episode. Betterbond is a home loan originator and submits thousands of home loan applications every month on behalf of their customers and so Jenny is well positioned to give us tips on how to get a home loan. Getting a home loan to buy a house is a very important step for most families. Since hardly anyone can buy a house for cash, most of us need to approach a bank for a home loan. If you don’t qualify for a loan at all, or can’t get the size loan you need, Jenny suggests doing a proper budget where you clearly note all your earnings and expenditure. If there is not enough room to service the debt on a home loan, she suggests reducing your current debt as much as possible and reducing any other unnecessary monthly expenses so that your cash flow looks healthy. Just as important is to make sure that you don’t take on too much debt. Make sure that you can still make your repayments even if the interest rates go up, or if life happens and you have unexpected expenses in a month. Try to get the best deal you can on interest rates as this will have a huge impact on the interest you pay every month.  Disclaimer: Old Mutual Life Assurance Company (South Africa) Limited is a Licensed Financial Service Provider. This material is not intended as and does not constitute financial advice  or any other advice and is neither exhaustive nor prescriptive. It does not take into account your personal financial circumstances. Your financial adviser will assess your financial situation and needs and assist you to draw up a plan to help you achieve your financial goals. The views expressed by the contributor are his or her own (as an independently registered financial services provider, financial adviser or other independent capacity), and not necessarily endorsed by Old Mutual (as a separate financial services provider).Join us on twitter for real conversations about family finances:@FamFinanceShow@DianaGranouxWebsite: www.familyfinanceshow.comSubscribe on your favourite podcast platform:https://podlink.to/FamilyFinanceShow 

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