This was so informative, thank you so much. I'm also not a fan of car finance. Opted to purchase a small little car cash and this is the best decision I made.
Thanks for this video, i finally get this...a bond originator tried to explain it to me over the phone, and i just couldn't comprehend it...you guys made it much easier to understand, in layman's terms
Thank you for the info shared. Can you please share the link to Maya’s article? Furthermore, when is the best time in the month to pay the extra funds into my home loan?
Hi, am listening to this information - I have question that the access money you withdraw is not free, you still have to payoff the credit you withdraw and am sure there is interest on the credit you withdraw. Are you not just back to square one with debt.
Thank for this episode. Really eye opening. If I pay extra on my car, but never ask the bank to put that money towards the debt...at the end of the term what happens to the amount I've been paying extra? Can I just withdraw it or transfer it to my other accounts.
What is the benefit of settling it and still keeping the original installments going? So in 20 years they dont deduct anymore..what happens to your prepayment amount and whats the benefit of keeping the installmets the same during the xourse of the loan.??
I would like to know if all bonded houses come with an access bond or it depends on your bond T & C's? I am asking because I think I can use the access bond as my emergency savings fund knowing already that I pay extra every month but should I need the cash, I just access it from my access bond!
Am abit confused, can someone please help? Does the extra amount goes to the principal amount or how will you specify the instruction to give the bank? Thank you.
Apparently it depends on the type of account. You need to check with your bank for more information. If you want to reduce the debt, let them know. Same if you would like to reduce your monthly installment.
Very I formative all the way. Great work deserves appreciation and recognition. I heard Mmapalo referring to article. Please share the link of the article. I would love to read it🎉