What Is An Access Bond?

Access Bonds are by far the most popular type of home loan currently available.

An Access Bond is very much like an ordinary home loan except it has an added saving benefit attached to it.

The savings portion of this type of home loan, allows you to pay extra funds into you bond, and still have access to those extra funds.

The big benefit is that any extra monies you put into your bond account will help to reduce the total interest you end up paying on the outstanding home loan.

Since the interest on your home loan is calculated on the total outstanding amount. If you pay a little extra into you bond every month, you be lowering the total outstanding amount and therefor you’ll pay less interest.

The reason why Access Bonds are so popular, is because you continue to have full access to any extra money you place in your bond account, while enjoying the benefit of paying less interest overall.

Some banks ,do however, only allow you to withdraw R 1000 or more from your Access Bond account.

For more details regarding Access Bond, speak to a Mortgage Plus Home Loan Consultant.

Please contact us if you require any further information or would like to apply for finance:

Complete this short form online

011.327.4489 / 0861 1111 93

morne@mortgagepluscc.co.za

www.mortgagepluscc.co.za

Looking for home loan affordability calculators?

Mortgage Plus Bond Originators provides you with access to a range of bond calculators and is rated one of South Africa’s top bond originators.

Why use the Mortgage Plus Home Loan Calculators?

Our Home loan calculators are great tools to give you an idea as to the size of home loan you could potentially afford. There are several types of bond calculator’s available, calculating aspects such as:

-  How big a home loan you could qualify

-  What your net salary should be to qualify for a particular home loan amount

- What your monthly home loan repayments would be on particular bond amount

-  Your total monthly overheads and expenses.

Feel free to use the below home loan qualifications calculators to help you with the right financial choice:

• Affordability Calculator

• Bond Status Calculator

• Increased Installments Calculator

• Minimum Income Calculator

• Monthly Payments Calculator

At Mortgage Plus we understand how important it is to make the right financial decisions when taking up a new Bond or Home Loan. This is why we have developed the above tools and mortgage calculators to help you choose a home loan that best meets your needs.

Please contact us if you require any further information or would like to apply for finance:

Complete this short form online

011.327.4489 / 0861 1111 93

morne@mortgagepluscc.co.za

www.mortgagepluscc.co.za