Switching Home Loans – The Process

In the previous article I explained some of the benefits of switching. Let’s now explain the bond switching process. The process of switching home loans involves cancelling your existing bond and registering a new bond at another bank. For your application to be considered you’ll need a clear credit record and all your bond repayments must be up to date. The new bond will take about 3 months to register since you’d have to give your current bank at least …

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Activate your bargaining power by switching your homeloan for a lower rate

Mortgage Advice: Switch my home loan As an existing homeowner you have bargaining power. Over the years your property value has risen sharply while your bond has grown smaller – it’s time to use your bargaining power to secure a lower interest rate and save on bond repayments. Let’s look at why and how to switch your mortgage and secure an even lower rate. The Background: The South African Home Loans industry is a highly competitive market. This is good …

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Which factors affect the interest rate on your Home Loan

South African Home Loan Tips As you can see by [this example] the affect of a 1% difference on your home loan interest rate could mean you’ll save as much as R100 000. Mortgage Innovations Click Here to apply online now and get a Fast Home Loan Approval. Plus cheaper bond registration costs. Let’s take a closer look at which factors influence the rate you’re offered on your bond and how you can secure the [best bond deal]. Repayment-to-Income (RTI%) …

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