Home loan: You should have applied for home loan…

The fresh Money Linked Individual Subsidy Plan (FLISP) was revised within the 2012 and later money loans Downieville Lawson Dumont CO upgraded into the 2018. This program was a-south African regulators initiative having domiciles in new gap’ market-individuals who are as well rich in order to qualify for the newest RDP subsidy however, too poor to help you with ease manage a different sort of household. FLISP is meant to assist such houses to get into property, by providing an excellent subsidy used to pay the put to your a home or to decrease the sized the newest financial.

Up until now, CAHF has wrote three posts towards FLISP: curious whether or not FLISP might possibly be effective, seeking to recognize how it might functions and remembering the expansion on resale market. These types of articles, plus the two records on our very own webpages (the FLISP policy out-of 2012, and subsidy worthy of dining tables out of 2018), acquired a great impulse-a huge selection of individuals questioned issues from remark element of the site, and you will dozens called and you will emailed. So it effect implies that discover a definite need for alot more information regarding FLISP. This blog contains the current advice i’ve, and can hopefully supply the responses a large number of require:

Do I Be considered?

Income: Your family must earn much more than R3 500 however, below R22 000 1 month. It’s your household’s earnings (both you and your partner’s money, or people cousin you make an application for home financing that have). They refers to their disgusting paycheckthe amount obtain before you take aside fees otherwise deductions. Read more “Home loan: You should have applied for home loan (also known as a home loan) so you’re able to be eligible for FLISP” →