Archive | January 2013

Summer colours for your home DIY purposes!

Summer is usually a time for bright colours and vibrant hues, and whilst we do LOVE a splash of colour, more subtle tones can complement the vibrancy of the summer sun. We have compiled a number of colours that we think are sure to enhance your home and give your home some summer style.

Aqua

Add this colour to liven up a drab white room if you are looking for a space that is calming, comforting but also a little exciting, all without having to throw bright red all over the show. Aqua goes very well with dark, rich colours such as the brown floors pictured below. Aqua is a happy fairly bold colour, so can be used to punctuate a room. For example, painting just one of your walls aqua can go a long way towards livening up a room.

Design Dazzle aqua

Image courtesy of Design Dazzle

Misty blues and soft greys

These colours can give a lovely calming feeling to any room, allowing the summer light to bounce off them, and always go well with white and other light colours. The blue and grey complement each other very well, especially when coupled with white.  Adding flowers like tulips and orchids around the room can go a long way towards completing this mild and modern colour scheme.

contemporary-design-pale-blue-living-room by apartments I like

Image courtesy of Apartments I like

Pale yellow

Colours like daffodil, iris and even certain orchids can be your inspiration. Paint walls, cabinets or chairs this wonderful colour, or even buy duvets and pillows of this shade, to make any room happy and light. Don’t overdo it though, as yellow can be quite a jarring colour. It is important to get the right shade for your home. If a yellow wall faces the sun, it can often reflect a lot of light, which can be very harsh on the eyes. Yellow cushions can also make a room playful and fun.

yellow9

Image courtesy of Cottage Blue Designs

Faded brown

Brown, beige and ivory go well together to create a peaceful surrounding in a light, open lounge area, especially if the lush greens of your garden area provide a nice background, giving a nature-like feel to your home. If you do not have a lovely green garden in view, consider adding a few plants such as palm trees or even bonsais around the room, as these can provide a stunning contrast with the brown, making a room fell more ‘earthy’.

Brown-and-beige-bedroom-elegant-design-by-Hulsta

Image courtesy of Infoteli

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Freelancers and small business-owners: tips on getting a home loan

MortgageOwning your own business and freelancing can be great sources of income. But it can also be detrimental if you are looking to get a home loan to purchase a house. Because you don’t have a steady stream of income or may not receive a payslip, banks may employ stricter lending criteria against you. But all is not lost.

As a freelancer, you will need to ensure you tick all the right boxes, have all your tax returns and paperwork in order and are fully aware of your financial situation.

The first thing you need to make sure of is that you have good credit with all South African lending institutions. Because lending criteria may be more stringent for you as a freelancer or small business-owner, you may need a higher credit score than full-time employees. You can use any number of credit checking agencies (such as Experian) to assess your credit score and get a free credit report. These checks can also help you identify any inaccuracies in what credit-checkers may see, and can also help you determine whether you have been a victim of Identity theft.

It is important to be certain that your tax returns reflect your actual earnings. Reducing your income by claiming business expenses can be helpful in the short term, but banks will check your tax returns. If your income is reflected as a lower amount than you actually earn, you may only qualify for a small (or smaller) home loan. They will also require you to give proof of income over the past few years.

Be sure you have enough money in savings to cover at least few months of your bond repayments, in case you encounter a dry spell at work. This will not only help protect you, but will give lenders more security against default on payments. Additionally, lenders may require you to prove you can make payments in the event of you not earning money over a period of time.

You should also make certain you don’t have a large amount of debt in your name. Your debt-to-income ratio should be relatively low. You can use one of our bond calculators to determine what you can afford on your bond repayments, factoring in your debts as an expense.

If you have any capital you can re-finance, or put up as surety against a home loan, these could go a long way towards helping you secure a home loan. Speaking to a mortgage consultant can help you determine what assets can be used as surety. If you have a home already, you may be able to refinance your home for a cash deposit, thus reducing your bond repayments and the amount you need to borrow.

If you’re a freelancer and are looking to get a mortgage, why not contact us today and we can discuss your options, with no obligations.

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