Mortgage and Refinancing Information Channel:
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Unlock your Home Loan Piggy Bank
With the recent sharp increase in property values your current home could be a pot of gold.
Property prices have increase about 20% - 30% over the past year but according to economists this current boom will not continue or much longer despite recent changes in property taxes announced in the budget speech.
Home Loan investments
You could get a health profit by selling your home at this time while the property market is hot, but remember you'll need to spend about the same for a home of similar size and in a similar location.
There is another way to access that pot of gold your house currently sits on. You can unlock the value of your property by staying right where you are.
You, as a property owner, can have your property revalued and apply for a further advance on your home loan of up to 100 percent of the new value of the property.
Advancements on your Home Loan
So for example, your home was initially valued at R250 000 and your home loan at the time was R250 000 and your property has since be revalued to be worth R500 000 - you will be entitled an extra R250 000 on your home loan.
It doesn't matter whether you want to use the equity in your home to make an investment or to splurge on consumer goods - banks generally lend subject to the normal credit criteria: whether you can afford the monthly repayments.
Click here for more SA Home Loan information
MORE RESOURCES updated Wed. August / 12 / 2020
How to get a low-cost mortgage refinance Bankrate.com
Refi Rates Today, August 10, 2020 | Rates drop Bankrate.com
Mortgage Rates Hit Yet Another Record Low The Motley Fool
Don't let mortgage rates distract you. You should also consider this when refinancing - Fox Business
How much does it cost to refinance? Bankrate.com
Mortgage Rates Today, August 11, 2020 | Rates climb Bankrate.com
Is It Already Time To Refinance Again? Mortgage News Daily
Refi Rates Today, July 24, 2020 | Rates slide Bankrate.com
Rocket’s Refinance-Fueled Blastoff Might Not Last The Wall Street Journal
You might have a tough time getting a 'jumbo mortgage' during pandemic. Here's what to expect - CNBC
How the right questions yield smart mortgage... Kent Reporter
How to Refinance a Jumbo Loan Credible News
Lenders Are Making It Harder To Get A Mortgage. Here’s How Borrowers Can Improve Their Odds - Forbes
What Is A No-Closing-Cost Mortgage? Bankrate.com
Don't make these mortgage refinancing mistakes | Business | swoknews.com The Lawton Constitution
Mortgage denial stats by race: What we can learn | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Mortgage denial stats by race: What we can learn | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
Bots Help Meet Mortgage Demand Credit Union Times
Mortgage industry faces 'tsunami' of refinancing deals Phoenix Business Journal
How Does Mortgage Repossession Work? The Motley Fool
How to save through refinancing KTAR.com
More Wells Fargo customers say the bank decided to pause their mortgage payments without asking - NBC News
More Wells Fargo customers say the bank decided to pause their mortgage payments without asking NBC News
Report: Fewer Homeowners Think Now Is a Good Time to Buy The Motley Fool
Mortgage refinance: Everything you need to know Fox Business
How to get a jumbo mortgage when lenders are scarce Bankrate.com
How to get the best mortgage refinance rates Fox Business
How to refinance your mortgage Fox Business
Just Approved: Run, don't walk to refinance Beaumont Enterprise
How Low Are Mortgage Rates Right Now? Just Look at the Sky-High Numbers From the '80s and '90s - MONEY
How Low Are Mortgage Rates Right Now? Just Look at the Sky-High Numbers From the '80s and '90s MONEY
Is now the best time to refinance your mortgage? Fox Business
10 things to know before refinancing your mortgage Fox Business
Six Ways COVID-19 Has Affected Home Lending whatcomtalk.com
Money Roundup: South Florida GDP plunge worse than national average; Local billionaires made billions in first months of pandemic and more - South Florida - South Florida Business Journal
Money Roundup: South Florida GDP plunge worse than national average; Local billionaires made billions in first months of pandemic and more - South Florida South Florida Business Journal
Sell Rocket Companies: It Is REKT Seeking Alpha
When should you refinance your mortgage? Fox Business
Mortgage refinance applications spike 79% as homeowners rush to take advantage of lower rates - CNBC
Refinancing boom hits Central Coast Pacific Coast Business Times
With Mortgage Rates So Low, Getting a Floating Rate Mortgage Might Seem Crazy. Here's Why I Did It Anyway - MONEY
With Mortgage Rates So Low, Getting a Floating Rate Mortgage Might Seem Crazy. Here's Why I Did It Anyway MONEY
Record number of borrowers can now save on a mortgage refinance as rates drop from coronavirus fears - CNBC
Record number of borrowers can now save on a mortgage refinance as rates drop from coronavirus fears CNBC
How does mortgage refinancing work? Bankrate.com
Should I refinance my house? Mortgage rates drop to 50-year low as coronavirus spreads across the U.S. — and the world - MarketWatch
Should I refinance my house? Mortgage rates drop to 50-year low as coronavirus spreads across the U.S. — and the world MarketWatch
Washington Post: Reverse Mortgage a Possible Option for 'Underwater' Homeowner - Reverse Mortgage Daily
Washington Post: Reverse Mortgage a Possible Option for 'Underwater' Homeowner Reverse Mortgage Daily