EASTER BUNNY EASTER SAVINGS

So a Happy Easter everyone

savings from the banks on your home loans comes in different forms!

But I suggest you rely on yourself if you want it to work.  Waiting for Standard bank, ABSA, FNB or Nedbank w'ont work even though they are all offering 10% as prime now.  Sure you will save a few rand this way, but better ways are:

Pay a second bond payment every second month of R 100.00, after your debit order goes off.

• You will always be paying a R 100.00 plus compounded interest against your home loan for the next 20 years or so.
• Your score will improve at the bank
• You can apply at a branch for a better rate - because you are an early payer

If you are Paying a mortgage overseas or from overseas the you must use this forex  service
as you pay NO TRANSFER Fees!!!!!!

Negotiate with your lawyers for a discount on conveyancing fees.

So be your own Easter Bunny!!!  You little devil you!!!

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!!