November 8, 2009
You will have seen from the examples above that you can save thousands of Rands and settle your bond years earlier by applying all or some or these methods. The maximum benefit will be gained by applying as many methods as possible in combination, making the additional payments into the bond as large as possible, and leaving the money in the bond for as long as possible.
Tags: Business, Credit card, Financial services, home, Interest rate, Personal FinanceHomeloan Series
October 10, 2009
A lot of people make the mistake of buying a house very close to the maximum for which they qualify. If you require 100% finance because you have no cash for a deposit, and you need the bank to add the legal fees and transfer duties to your bond
Tags: Bank, Business, finance, Interest rate, MoneyHomeloan Series
September 20, 2009
In South Africa, interest rates are often subject to wide fluctuations with little warning. When rates decrease, the banks generally reduce your monthly instalment accordingly, and place the onus on you to contact them if you do not want this change to be made.
Tags: Bank, Bond, Financial services, homeloan, Interest rate, MortgageHomeloan Series
