At last, a Home Loan provider that rewards you for your loyalty. SA Home Loans’: Super-Lo Mortgage Types of Home Loans: SUPER-LO HomeLoan I have always wondered what incentives do I, as a home loan client, have to stay with my current mortgage lender. For instance, I am able to switch my home loan to a different bank and negotiate a lower interest rate on my bond at anytime. By doing this every couple of years I will greatly reduce …
South Africa’s largest mortgage provider, ABSA Home Loans, announced recently that it would restrict access to the extra funds available in the Bond Accounts of some of their clients.
Previously, new home buyers were able to secure a full mortgage bond of up to 108% (to help cover costs) from all the big banks.
As of 23rd Oct 2008, Standard Bank Home Loans division will only be granting Mortgage Loans to a maximum of 95% of the property value.
SA Home Loan Tips: its time to switch for a better interest rate
When last have you reviewed your home loan?
With interest rates increasing many of us are facing a cash flow squeeze, and looking to stretch our income a little further.