1. Suretyship - Explained!

When applying for a home loan with a financial institution, and your income and asset value does not cover the required loan you are applying for, the bank may ask you to get someone to stand as guarantor for your load, meaning that if you do...

Friday, 06 February 2009 | 2897 hits | Print | PDF |  E-mail | Report | Read more

2. Early Termination Interest

Any bond holder intending to sell or cancel their home loan should take heed of the following information. When the home loan is granted the normal period that the client will take to repay the bond is 20 years and the prevailing bond rate at that...

Monday, 09 February 2009 | 672 hits | Print | PDF |  E-mail | Report | Read more

3. Cancellation Fees

Cancellation Fees When your home loan is repaid in full, or you cancel the loan due to the sale of the property, and you wish to cancel the existing bond over the property, an attorney will be instructed to handle these proceedings. There...

Friday, 06 February 2009 | 2727 hits | Print | PDF |  E-mail | Report | Read more

4. Cancelation Of Mortgage Bond

Once your home loan is fully paid, you may have the option of keeping the bond facility available to you. This is important if you need to borrow more money in future. You will not have to incur bond registration costs again in the future (on the...

Monday, 09 February 2009 | 793 hits | Print | PDF |  E-mail | Report | Read more