SA Mortgage Tips:
Home Improvements are one sure way to increase the value of your property and finding a home improvement loan in South Africa is not tough at all.
South Africans generally love their homes and we’re always looking to renovate to improve our living standards. Over the past few months bond re-advances have been increasing as more homeowners are choosing to focus on Home Improvements rather than buying new homes.
The quickest way to secure a loan for home improvements is to use your Mortgage Originator to apply for a re-advance or further loan from the bank. Your Originator will take care of all aspects of the application to ensure your loan is process quickly, allowing you to focus on getting the improvements completed correctly.
The mistake many homeowners make is to apply for a personal loan to finance home renovations. Personal Loans are very expensive since you’re often forced to pay them back at a very high interest rate and over a short term, by using your home loan you’ll be the loan at a much reduced rate and itâ€™s payable over a much longer term
Also make sure to enquire about the types of Home Improvement Discounts offered by the different banks.