Fix your Home Loan at below Prime Rates

Mortgage News: ABSA Home Loans – Fixed Interest Rates www.absa.co.za The question of whether homeowners should fixed their Home Loan Interest Rates is again being discussed. The general rule is that one should opt for a fixed rate if you’re expecting interest rates to increase in the near future, to peg your rate at a preferred level. Although if rates begin to drop your fixed rate could mean you’ll be paying more interest than someone with a variable rate option. …

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3 Solutions to beat High Interest Rates

Home Loan Tips: With interest rates so high currently many people will find themselves going through tough times financially. What we don’t realize is that this statement holds many reasons to be grateful for. The fact that you are going THROUGH your struggle, and not being overcome by it, means that you are successfully managing your finances to settle your monthly bond installments and other loan agreements. Every month that you are able to pay your loan repayments is a …

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The Question of two interest rates

Mortgage/HomeLoan Tips In a Moneyweb PowerHour show a listener called in to ask a very interesting question about interest rates in South Africa. After several interest rates hikes over the past 12 months the caller asked – “Isn’t it time [The South African Reserve Bank] split the interest rates into two, one into interest on purchasing of homes or property, and one into consumer credit, so as to punish the consumer who is blowing his money on debt and to …

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