Real-estate mortgage loan accessibility plays a significant role in the economy of the country, as it influences the housing sector, which in turn contributes to the domestic GDP. This study explores the determinants of real-estate mortgage loan accessibility in South Africa by examining how household income and individuals’ awareness of housing financing tools influence the uptake of real-estate mortgage loans. Data was collected using an online survey and analysed using cross tabulation, benchmarking, establishing trends and averages.
Results suggest a general lack of awareness of what factors render one eligible for mortgage loan financing. Many individuals who technically qualify to get a mortgage loan are refraining from applying as they believe they do not qualify.
