What if we told you that you could save over R480,000 in interest repayments to the bank on a R1.4 million house or apartment if you paid just R1,000 more than your required instalment over 20 year repayment plan. Of course, despite the 25 basis points interest rate cut, many South Africans - including high income earners - are currently cash-strapped and in debt, but an additional R1,000 and...
As much as we do not like to contemplate the fact that we are indeed getting older, there are times when our age might have a greater impact on our future than we may realise. Homeownership, for example, can be significantly impacted by age, as it affects our ability to secure a home loan. Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa states that lenders often use retirement age as...
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