It makes good financial sense to pay off your home loan instead of your landlord’s. And the good news is that you now no longer need to deal with a landlord! That’s right a landlord cannot threaten to evict you and because it is your home you can live by your rules. Which includes renovating your home to suit your needs!
To help pay off your home loan you could buy a property with a granny flat which you could rent out. Why deal with a landlord when you could be the landlord?
Paying off a bond every month is equivalent to saving for your future as each payment you make gives you more equity in your home. It’s like forced savings that benefit the owner — whereas the entire portion of a renter’s monthly payment is going to a landlord.
The average price of a house in South Africa has almost doubled over the last 15 years and property in South Africa is still an outstanding long-term investment.
Once you have paid off the loan you own the property which means no more rent or bond payments, and you will always have a place to live!
Contact Select a Bond today for a no-obligation FREE assessment to find out what value of the home loan you may qualify for!
Martin: 082 447 3463
Kim: 079 835 1476