Avoid paying thousands more on your home loan

Avoid paying thousands more on your home loan

What buyers don’t always realise is that their home loans – while seemingly affordable on a month-to-month basis – are the most expensive costs of buying a property.

Your home loan can cost you up to 32% more with just a 2% interest rate added to the prime lending rate (currently 10%), says de Waal.

Whether you want to sell your residential property or buy a new real estate investment, a house or an apartment, your Property Angel is here to help you find your magnificent home.

Property Angels – Success Together

A bank may add up to 2% to the prime lending rate to compensate for the risk of lending to a home buyer with no deposit or with a credit score that is not very good.

Our calculations show that 2% added to prime can cost a home buyer with a R1m bond up to R320,000 extra in repayments over 20 years.

The education and home buyers’ guide helps buyers avoid these ‘traps’.

Author: Meyer De Waal

Did you know? Your own personal Attorney Realtor offers an all inclusive service, therefore you will receive legal advice, sales and purchase solutions, as well as the entire transfer process.

Get your real estate selling or buying process on the right track by contacting Property Angels today. Your professional local Attorney Realtor will then call you back within 24 hours.

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Once your friendly Attorney Realtor has highlighted all your benefits, you will understand why an Attorney Realtor is the smartest way for you to sell or buy your property.