The Mortgage Book

This is a wonderful 128-page pocket size book- it really fits into an average shirt pocket- packed with advice on:

• Whether to rent or to buy and the advantages of buying over renting
• How much bond one qualifies for, that is the maximum amount a bank can give you based on your income and how you can calculate this for yourself
• How to get out of debt and what the debt situation is like in South Africa
• How to save for your first house, the important point being that savings has nothing to do with how much you earn but how you use what you earn
• Buying your first house, what is required, payments you have to make besides the deposit for the house such as transfer fees and bond registration
• Buying a flat which you have to do on what is called sectional title and what this entails
• Buying land to build your own house, the advantages and disadvantages one of which is that normally it is more expensive to build your own house that to buy an existing one
• How to save thousands on your bond by making simple incremental payments on your bond. An extra R100 a month for example will cut your 20-year bond by 22 months- yes, one year and 10 months.
• Saving millions how lump sum payments will cut your repayment period even further. If you decide to pay your annual bonus of R9 000 on a R300 000 bond and continue to make your usual monthly payments, you will pay off your house in 11 and a half years instead of 20.

This and much more is contained in this handy little book.

The book sells for only R60.00.

The book is also available from Kalahari Books

Here is a review of the book by the COSATU magazine Shop Steward

For more information contact:

Charles Rukuni on 078 606 5054 or email: charlesrukuni@insiderzim.com

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