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 […]
Most home loan providers in South Africa lend money based on the Prime Interest Rate and have been forced to increase their rates due to the consistent rise in prime rates over the past 6 months.
SA Home Loans (SAHL) is not a bank, they are Home Loan specialists and their lending rates are based on the JIBAR rate (definition). SAHL rates are at times offered at less than the Prime lending rate...
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 […]
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 […]