Comments on: Home Loans South Africa

By: Nozipho

Nozipho — Wed, 31 Oct 2007 06:58:05 +0000

I like the way you have simply explained what in most bank documents is ususally hidden in the fine print.
My question: Is it a wise thing to take money from the access bond and buy a car cash? Is it not advisable to have a paid-up home than a paid-up car? Please advise.
Lastly, if I own a home under a “sectional title” am I not supposed to have the Title Deed “copy” with me?

By: Chris M

Chris M — Thu, 26 Apr 2007 15:59:12 +0000

That’s very interesting, makes complete sense tho. Scary to see how easy it is to save half a million rand, well relatively easy, just for a couple hundred extra a month. Thanks for an informative article!

By: Wizard Man

Wizard Man — Tue, 13 Feb 2007 10:35:37 +0000

Hi,

Thanks for the article…
Just a couple of questions I have:

#1 – Should this not be done by the mortage origination companies themselves? Surely this is why we pay them to do the work for us? Also how easy is it just to quicly change your bond from a FIXED to VARIABLE or visa versa?

#2 Becase what you’re actually doing here is paying off your interest portion of the bond, correct?

#3 Most people get less than prime? IS that really true? How do they work out what percentage less prime you’re going to be receiving?

#4 Agreed 100%

#5 Nice – Refer to question 1…

Good article and thanks for the reading
Wizard Man