Hello Maya. My personal mother had good ABSA Flexi bond regarding R330000. She had a 2nd thread out-of R150000. Their particular this new bond are R488000 and additionally charge. She made use of approximately R100000 of your own mortgage over 12 months. I experienced a glance at their particular yearly financial report and you will try surprised to get it additional R100000 so loan places Clay you can their unique thread which is now R608000. They added the mortgage double and there is zero mortgage harmony leftover that needs to be around R40000. We’re struggling for years getting that have Absa to fix this matter. Now he is pressuring their particular to sell just like the she can not afford the brand new instalment. Please Assist.
Hey I have a fifteen years thread with StandardBank. I am today left with half a year of your own package label. We have never ever taken from my personal availability thread whilst interest rate fell over the months. What goes on to this matter shortly after 6 months?
Exactly what do your mean by treat terms? Want to shorten that time of your mortgage otherwise reduce the cost?
We invested 30 mins on the phone a week ago with basic bank HL dpt, lay me for the keep getting 80% of the time
Hi, I hope you might assist Standard bank housing loan. I found myself constantly able to accessibility the cash I got paid back in to my personal thread, I am today purchasing an additional R1000 in addition month-to-month repayment. Up to months in the past, my personal standard bank application reflects which i gain access to no currency also difficult We have paid down R17000. As to why are unable to I get accessibility my fund. They just said you have got no available funds. However, i ought to has actually since I was paying when you look at the even more and you may they shows as R17000 paid off. Entry to my currency might have been removed out of me personally. They state I need to make an application for an excellent readvance? help.
How you can make use of the availableness thread is always to manage the initial installment so as that all of the extra money you add when you look at the stays offered
Publish myself an email together with your account details and that i will toward Standard bank. It can be a network glitch because of the payment escape programme. It looks to own tossed up all types of items!
Hi Maya I wanted to engage the brand new availability thread which have important bank . I found myself told that when We withdraw the other money we might have paid into supply thread i will have to pay it right back with interest. So performs this suggest the money throughout the availableness thread is actually the brand new bank’s? I was thinking this would functions just like a savings account.
An access bond allows you to pay for the money more and you will over your payments due. As you have installed more income it decreases the rand property value the eye you pay since the interest grew to become energized into the a lowered matter. Instance 10% on the R500 000 could be R50 000 but when you paid down in R100 000 and reduced the bill to R400 000 after that the interest is 10% on the R400 000 so R40 000. For folks who following draw off you to more R100 000 you’d paid in, your a good balance extends back doing R500 000, which means your appeal goes up to R50 000. Another thing to recall, if you have put in a lot more along with your monthly cost decrease, upcoming the main more funds you spend was visiting the repayment and so the count you to definitely stays available minimizes. Does this establish they?
