Make owning your home loan even more rewarding
With the increases in interest rates, high inflation, and a household budget that's becoming more difficult to manage, it's good to know that there are some banks willing to help out. ABSA Home Loans have a range of products out there to assist you in managing your home loan account and your finances. Here is a list of options available for you. Should you have any queries please feel free to respond to this post or contact Wizard Midrand for more assistance.
Competitive Rate Options: choose between a variable or fixed interest rate option. A variable rate moves in line with the mortgage lending rate, while a fixed rate stays the same even if the Reserve Bank increases rates. You can select to fix your rate from anything between 12 months and 10 years.
Extended Repayment: a great option for those struggling to repay their 20 year loans. Extend your home loan to a maximum on 30 years thereby dropping your payments. In order to avoid paying more interest over the longer term you can also reduce your bond period as anytime FREE OF CHARGE.
Fastforward: pay off your home loan sooner and save interest with the ABSA fast forward options. You have the option to revert to a different option at any time.
Multiplan: structure your ABSA home loan account so that you can make the most of your money available in it. Multiplan allows you to have the primary account and a number of separate accounts linked to it. You can use the equity in your home loan for whatever purpose you need.
FlexiReserve Facility: access the available equity in your home loan at any time and use it for whatever you want.
Further Advance: if your property has increased in value since you bought it, you can apply for a further advance, which is essentially a second bond on your home that makes extra money available to you.
Thanks to ABSA home loans for providing us with this great information. Lets get the credit appetite in our favor people. Make it work for you!!!