Buying a home is probably one of the single biggest investments you will make in your lifetime. It is a major financial commitment but also an emotional experience that can result in an exciting experience with Olemera by your side throughout the home loan application process.
Phoenix Bonds is an independent bond originator company that specializes in home loan applications on your behalf and will simultaneously negotiate the best possible interest rates at various banks, eliminate your bond registration fees and take care of all the paperwork.
Phoenix Bonds can also assist you to increase your home loan to the current market value of your property (2nd Bond) or register a new mortgage on your bond free property with no cost to you.
Whether you are building, investing or buying an established property, Phoenix Bonds will provide a free service and give expert advice on your home loan application to structure the best possible deal for you.
To meet the repayment requirements on the purchase of your new property, the banks will take the following into consideration when applying for your mortgage:
The Bond Repayment Calculator will assist you in determining your monthly bond repayments. It is advisable that you use the Base Home Loan Rate as a benchmark.
You should be in a position to afford repayments at this rate. Consider a 2% rise in the rate and determine your affordability - will you be able to afford an increase in your bond repayments? Naturally, a rate below the Base Home Loan Rate you qualify for is a bonus. The Income Qualification Calculator will assist you to determine your affordability.
Bond Calculators
Our expert consultants are available to discuss your various mortgage options.
This is the most conventional interest rate that would apply to most mortgages. The rate quoted is linked to the Base Home Loan Rate and is subject to the fluctuations of this rate. Your debit order will be adjusted automatically should the rates change.
This is the rate contracted between you and the bank for a pre-determined term, 12, 18, or 24 months. A three-month Fixed Rate option is available for those who qualify.
The Fixed Rate will appeal to those who wish to fix their home loan repayments without the influence of the Mortgage Bond Rate, allowing for better budgeting. Fixed rate option only availible after registration of your home loan and not upfront.
Complete the form above to get started.
Complete Your Financial Plan
Sign Up To Our Mailing List
Retirement planning is a critical aspect of securing a comfortable and financially stable future. In South Africa, there are various retirement benefits designed to help individuals save for their retirement years.
Read More ...Posted by Gary Walker on Tuesday, June 25, 2024 Views: 318
Planning for retirement is a crucial aspect of financial security, ensuring you have the means to maintain your lifestyle and cover essential expenses in your later years. In South Africa, understanding the various components of retirement planning can help you make informed decisions that safeguard your future.
Read More ...Posted by Gary Walker on Tuesday, June 11, 2024 Views: 206
Taxation of trusts in South Africa is a critical aspect of managing these legal entities, both for financial planning and legal compliance. Understanding these tax laws is essential for anyone involved in personal financial planning or managing a trust.
Read More ...Posted by Gary Walker on Tuesday, May 28, 2024 Views: 662
