If you change jobs and your payday changes, ensure that you notify the bank immediately. Paying just 2 day earlier could knock as 2 months of your loan term.
The purpose of this series of articles is to provide bondholders in South Africa with practical and simple methods of reducing their bond terms, thereby saving money in the process. We will use practical examples to illustrate the effect that these methods can have in reducing your bond term.
Usually in a divorce, the couple that is divorcing need to make the decision about who is going to keep the house. They need to work this out on their own or make sure that the courts address it. You have to make the decision about what will be done with the property. There are many different options and it is important to make sure that the decision is best for everyone involved. You can either sell it and split the profits between the two that are getting divorced (if they own it), one person can offer to let the other one have it, or the other party will buy out the ex spouse. It will depend on how the divorce is settled to determine this decision. It is always better when things are worked out easily, but sometimes this is not possible and the couple will have to seek the help from an attorney or court system.