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There’s an army of Wealth Creators waiting in your Homeloan Barracks

SA Property, HomeLoan and Investment Tips:
It’s a known fact that the fastest road to financial freedom is to become a successful Business Owner or Investor. For most of us owning a successful business may seem almost impossible. And investing – we assume – is better left to those wealthy risk takers. But you’re about to realise the potential you hold in your homeloan.

Most South African Homeowners are sitting on a pot of gold that can be invested into relatively stable, low risk wealth building vehicles.

Home FinanceYour property value has grown at a fast rate over the past few years and if you unlock the value of your home you’ll be able to deploy an army of Wealth Creators to begin building your path to financial freedom.

Every Rand that you are able to invest is like a small soldier or builder that is just waiting to begin earning you more money.
If every Rand you invest is like your personal employee, who specialises in making more money, you should have thousands of employees waiting in your Homeloan – looking for work. Now for once you’re able to reverse the roles, and begin to make your HomeLoan work for you.

Over the past few years and months your Property Value has increased. At the same time you’ve been paying off your bond every month, bringing down the total outstanding loan amount.

The extra value you now have locked up in your property can be used as a deposit for new property that you can rent out. Or you may choose to use the funds to start you own business.

These are just two ways in which you can begin to get your money working for you. If you can find a safe place for you money to grow at a consistent pace your net worth will slowly begin to snow ball. The resulting effect of being a wise investor and dealing carefully with your money is that you’ll have less stress and more time to enjoy your life.

If you’d like to speak to a Home Loan Consultant today about applying for a Mortgage Re-advance email Olen@PropertyLoans.co.za or complete this Short Form.

   

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2 Comments For This Post

  1. Adam Wesson Says:

    Many people have a bond as well as a savings or notice account. The reality is that it is a waste of time saving while you have debt aka. homeloan.

    However, there is a smarter way of saving. Instead of paying money into a 32 day notice account and earning a small amount of interest, rather use your bond as your savings account.

    You ask, “how would paying my house off save me money?” Well, on a notice account you might earn about 6% but on your bond you might be paying 13.5% p/m.

    For every extra rand you put into your bond, you decrease the capital amount and therefore pay less interest. Your bond term is also typically over 20 years. An example of this is paying an extra 35% into your bond would mean you pay your bond off in half the time (10 years instead of 20). Say your bond is R10000, you now pay in R13500 and pay it off in 10 years.

    Thats a saving of R10000 x 120 months = R1 200 000 (without any compounding) Not bad for 10 years, much better than that 32 day account.

  2. yes2property Says:

    Very good advice, we have been doing it for a while and it really pays off.

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