Bond interest rate

[kripstoe]

Have managed to get both my properties to prime minus 1.

Bond Reg fees?

If so, yes.

Also, bond attorney cancellation fees and deeds office registration fees. afaik.

 

[I.am.Sam]

9%, but sold recently. I'm expecting a lot higher because my credit score isn't as good as it was 10 years ago. I have 200k deposit and the house I'm looking at costs R1 660 000

yasis ...you should post in that successful coloureds thread

 

[I.am.Sam]

Have managed to get both my properties to prime minus 1.



Also, bond attorney cancellation fees and deeds office registration fees. afaik.

approximate costs ?

 

[The_Ogre]

yasis ...you should post in that successful coloureds thread

Where's the thread?

 

[Not_original]

Just asked SA homeloan for a rate reduction. Will keep you posted

 

[kripstoe]

approximate costs ?

Unable to recall. Some of it might be linked to the value of the property also. Will have to go dig around to find the documentation.

 

[TofuMofu]

Bond Reg fees?

If so, yes.

Dammit

Thanks.

 

[paul5186]

9.3% with nedbank

 

[Grubscrew]

9.3% with nedbank

Nedbank is very aggressive at the moment with interest rates.

 

[air]

9.3% with nedbank

that is a very good rate!

 

[TofuMofu]

Nedbank is very aggressive at the moment with interest rates.

I got 11.05% from them. Prime + 0.8

 

[paul5186]

that is a very good rate!

Yup original was 9.55 but with the 0.25 decrease it's now 9.3. Also got 9.75 with fnb, absa came back back with prime plus 1.... What a joke

 

[zerocool2009]

If I want to move my loan to another bank, do I have to pay registration fees again?

To which bank ? FNB has some nice perks if you want to do that. PM me for more info

 

[rodga]

To which bank ? FNB has some nice perks if you want to do that. PM me for more info

Why not post here for the benefit of other forums members too?

 

[zerocool2009]

Why not post here for the benefit of other forums members too?

In short if you have already a bond with FNB, and want to move another (they give you 2 options)

1) Move home not your homeloan (only applicable on your 2nd bond), and if you apply through a consultant. This implies all registration fees will be written off. And also the cancellation fee of R1,428 will be written off, if you sell your home one day.

2) 50% of your registration fees PLUS 40% back in eBucks on your first debit order (rewarded 2 months there after).

So if you are moving your bond and the bond is R1kk, you must do the sums which one will benefit you the most.

On a R1kk bond (its R8950 back on option 1). To have a more clear picture on the second, you will need to know what rate you gonna get to compare the two options.

This is only related to FNB

 

[Not_original]

Just asked SA homeloan for a rate reduction. Will keep you posted

They just showed me the fat finger and told me they don't negotiate interest rates

 

[zerocool2009]

They just showed me the fat finger and told me they don't negotiate interest rates

FNB has a thing, if you pay off 15% of the debt in year 1, they will gladly review it

 

[Krypt0n1te]

They just showed me the fat finger and told me they don't negotiate interest rates

Thanks for the update. Also have a bond from them... Only since last year. Will pay through my ass a bit longer and then try some of the other banks.