Friday, 26 March 2010

10% rate So whats my savings!

 For every R 100,000.00 home loan you save a minimum of R 33.36 per month or R 8,006.40 over 20 years

If you have a R 500,000.00 mortgage you save a minimum of R 168.79 per month and thats a whopping R 40,509.60 over the 20 years - the price of a second hand car.

Thank you Gill you are on the Marc(us)

Market Update - GBP / ZAR - what do the UK Forex boys say!!!

The South African Reserve Bank cut interest rates yesterday in a move designed to slow down the rapid appreciation of the Rand. Moving rates down to 6.5% the bank expressed concerns that the currency's strength may hinder exports and derail the fragile economic recovery. At 6.5% the Rand remains one of the highest yielding currencies, and has benefitted from strong investor risk appetite and low yields elsewhere (just 0.5% in the UK for example).

Now what do you say!!


Anonymous said...

Thank you for an interesting article.
Mike Bridges
Property Express CRM

Kasey said...

For the great and informative post on Home Loan.