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

ABSA Home Loan Products facilitated through Mortgage Plus.

Whether individuals want to buy or build a new home, make improvements on their current home or simply want to invest in another property, then ABSA home loans is the right decision for you.

ABSA will provide individuals with a variety of home loan financing solutions in order to suit the various needs of customers.  Included in this is the option to pay your home loan over a longer term of 30 years instead of the normal 20 years.

Individuals may also choose between fixed or variable interest rates where the former will ensure owners repay a fixed amount and the latter simply means that monthly instalments will increase or decrease with the inflation rate.

Other than the above, ABSA home loans also offer clients a Flexiserve or re-advance option on their ABSA home loan.  Flexiserve home loans simply means that any additional funds paid into the home loan will be made available immediately should the individual require additional funds.  A re-advance option is also available and simply means that individuals may borrow the difference between the original loan amount and which has already been paid off.

The Further Advance home loan solution allows individuals to borrow money to the value of the property.  This simply means that should the market value of the property increase beyond the loan amount originally paid for it, then individuals may borrow the difference up to the new market value of the property.

Another unique ABSA home loan financing solution includes the Multiplan option which that a home loan account can be structured into a primary and one or more secondary accounts.  The primary account is the original home loan granted to individuals whilst the secondary accounts can be utilized when applying for a new home loan, Re-Advance or Further Advance account.

The secondary accounts can have their own repayment terms, Statements, interest rates, and FlexiServe facility.

To find out what percentages the bank will offer please contact Morne Prinsloo on 011.327.4489

Insurance in the form of a home loan protection life insurance policy forms part of the ABSA home loan solutions, and will ensure that your bond amount is settled in the unforeseen event of death, disability or dread disease.

Home loan comprehensive cover is available to insure to property against any structural damages while the One-call home solution will ensure better prices and a more pleasurable experience should the home owner move

An ABSA home buyer’s guide can advise individuals on everything they need to know about buying or selling properties.  It consists of six topics namely calculate, locate, make an offer, application, register and moving in.

Individuals can use the Mortgage Plus home loan calculator to determine what loan amount they could qualify for, what the monthly repayment amount will be and how different cost, fees and deposits could influence your instalment and repayment term.

To apply for your Absa bank home loan Click Here

Mortgage Plus offers a wide range of advice on different bond options and further advice on the above. Please call us for further information on:

Complete this short form online

Call us on 011.327.4489

Email: morne@mortgagepluscc.co.za

www.mortgagepluscc.co.za