Home Loans Explained for South Africans

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  • Опубликовано: 15 окт 2024

Комментарии • 166

  • @ThenjiweComedy
    @ThenjiweComedy 5 лет назад +121

    If the government wanted us to prosper they would teach this in school. Thank you for sharing your knowledge 🌹

    • @wealthsa5810
      @wealthsa5810 5 лет назад

      Please watch this video it will change your life: ruclips.net/video/yQ_96Rb0i-s/видео.html

    • @thatcherkane4955
      @thatcherkane4955 3 года назад

      I know Im randomly asking but does someone know of a way to get back into an instagram account..?
      I was stupid forgot my account password. I appreciate any assistance you can give me!

    • @aryanalijah3502
      @aryanalijah3502 3 года назад

      @Thatcher Kane Instablaster :)

    • @thatcherkane4955
      @thatcherkane4955 3 года назад

      @Aryan Alijah I really appreciate your reply. I got to the site through google and Im waiting for the hacking stuff atm.
      Looks like it's gonna take a while so I will get back to you later with my results.

    • @thatcherkane4955
      @thatcherkane4955 3 года назад

      @Aryan Alijah It worked and I now got access to my account again. I'm so happy:D
      Thank you so much you saved my ass !

  • @AllAboutKattie
    @AllAboutKattie 5 лет назад +63

    Has anybody told you just how amazing and insightful your videos are. Thank you so much 🤗

    • @wealthsa5810
      @wealthsa5810 5 лет назад

      Please watch this video it will change your life: ruclips.net/video/yQ_96Rb0i-s/видео.html

    • @kagiso_tshehla
      @kagiso_tshehla 4 года назад

      lol we are taught dis things at school.....

  • @treasurenkonyana2745
    @treasurenkonyana2745 4 года назад +5

    I just added this channel as part of my morning routine. Wake up at 5am Jog, 5 Minutes Meditation, 20min of Financial Bunny Videos.

  • @zukozenani5567
    @zukozenani5567 5 лет назад +27

    It make sense thank you so much I’m in a process of buying a property 🏠 you answered all my questions 🙏🏻🙏🏻

    • @wealthsa5810
      @wealthsa5810 5 лет назад

      Please watch this video it will change your life: ruclips.net/video/yQ_96Rb0i-s/видео.html

  • @fearless0122
    @fearless0122 5 лет назад +22

    People would pay to get such useful, informative information..Thank you Nicolette. Very well broken down.

    • @wealthsa5810
      @wealthsa5810 5 лет назад

      Please watch this video it will change your life: ruclips.net/video/yQ_96Rb0i-s/видео.html

  • @nqobilesibisi3544
    @nqobilesibisi3544 Год назад +1

    Thank you verry much Sesterr , kwavele kwa caca bha !!

  • @OlevaEntertainment
    @OlevaEntertainment 2 года назад

    I came across this video by accident this morning while doing my morning routine. I did not have to listen for more than two minutes before I knew that I had to subscribe. This is amazing content!

  • @contentsubmissions8019
    @contentsubmissions8019 4 года назад +9

    We love you Nicolette.
    I have literally just been approved for a million rand home loan by the bank and I know exactly what to do.

  • @mofolomoalosi9578
    @mofolomoalosi9578 4 года назад +5

    I love this lady.... This is an information that you cannot get from your "already paid off family members". We blacks have so much that we do not know of

  • @abbymakaza1404
    @abbymakaza1404 4 года назад +2

    Oh my goodness, I bumped into one of your videos 2 months ago, and I have never looked back. Thank you so much for these insightful lessons.

  • @BecauseSibadala
    @BecauseSibadala 5 лет назад +3

    Your videos are truly such a great resource sisi... Thank you for this....

  • @lungisanialwar7071
    @lungisanialwar7071 4 года назад +2

    Thank you for this video. BASICALLY 😅I enjoy all your videos and your energy!
    With regards to the bond access;
    1.do all banks provide this facility?
    2.When would the bank decide to capitalise the extra money sitting in that account and would they inform me before doing it?
    3.Would the bank increase the interest rate offered to me if I request a bond access facility
    Also, could you please do a video on how to pay off your bond early. Things like...
    1. Paying your first instalment on the day the bond is registered and every single month after that. Even if it ets registered on the 25th and you get paid on the 30th pay both isntalments.
    2. Pay your additional amounts half way through the month.
    3. Using the bond access facility
    4. Paying your Home Owners Insurance as a yearly instalment (when you receive your 13th cheque if you get one), rather than having it charged onto your bond and paying amortised interest on it.

  • @oliviantsuba
    @oliviantsuba 2 года назад

    You have no idea how much I needed this video. I have been going back and forth between paying more into my or investing above what I am already investing. You are helping us so much and I appreciate you!

  • @moolismoolman5269
    @moolismoolman5269 4 года назад

    You are doing a great job here. You do not pull punches or sugar coat anything. All new buyers should look at this video before they buy, it will save them a lot of discomfort due to misunderstanding!

  • @masigcinanemteki9760
    @masigcinanemteki9760 4 года назад

    you did answer my whataspp video but i found most of my answers here. thank you, Sthandwa. you should be the next minister of finance.

  • @wabwilamwakapenda7551
    @wabwilamwakapenda7551 4 года назад +2

    This was so informative and easy to understand. Thank you very much

  • @milaniinalim3357
    @milaniinalim3357 5 лет назад +2

    We appreciate you sis! You know exactly what we need and you deliver when we need, your content is very helpful to us who are not well versed in such! 🙏🏾🙏🏾🙏🏾❤️

  • @eenee10
    @eenee10 2 года назад

    I just got approved for a home loan. This video has cleared up so much. I now know what to expect as this is my first home purchase. Thanks Nicolette

  • @tumi269
    @tumi269 5 лет назад +5

    Good video. Just to clear it up a bit, you don't save interest - you avoid interest payment.

  • @somizit2757
    @somizit2757 5 лет назад +2

    Great video, I didn't know about the 90 day notice period and the implications. Thank you..

  • @amandlamanzana3248
    @amandlamanzana3248 4 года назад +1

    Wow. I'm planning to buy a house soon. Got this info just in the nick of time. Thank you 🙌🏼

  • @ERJLifer
    @ERJLifer 5 лет назад +3

    Thank you RUclips recommendations. Now i know how I can get a home loan in South Africa 👌👌🏡

  • @Lungelo_n
    @Lungelo_n 5 лет назад +2

    Your videos saved me from making reckless money decisions, thank you 🙏🏿!

  • @quintonshabangu6752
    @quintonshabangu6752 3 года назад

    I'm glad I'm not the only one that uses the access bond savings as an emergency fund

  • @thandiwemthombeni6974
    @thandiwemthombeni6974 5 лет назад +2

    Notification gang, Study breaks... Really insightful videos all the time!!

  • @centianight
    @centianight 4 года назад

    How or why it took me so long to find you is beyond me. I am grateful nonetheless. WOW!!! Thank you

  • @christinemeyer3721
    @christinemeyer3721 2 года назад

    Thank you so much. This platform is great information. Especially for estate agents and home buyers. 🌻🏘️

  • @vuyokazinocuze7603
    @vuyokazinocuze7603 5 лет назад +1

    Mhhh so much to take in. thank God this is a channel❤ i can't wait for your book.

  • @XitsundzuxoHimina
    @XitsundzuxoHimina 5 лет назад +1

    Wow. So much information, in that much time. I am blown away. Love it

  • @stevensteenkamp9575
    @stevensteenkamp9575 8 месяцев назад +1

    Very helpful information thanks alot

  • @thamsanqamkhosana8527
    @thamsanqamkhosana8527 4 года назад +4

    How do you use your bond as your emergency account, please explain, an very interested in it.
    Thank you for the insight 😘😘😘😘

    • @michaelflink8010
      @michaelflink8010 3 года назад +1

      Usually you just ask for a property revaluation after you've owned the property for a few years. The property value would've gone up and then you ask for a refinance at the new valuation of the property. But has everything else there are Pro's and Con's to using your house as an emergency fund.

  • @ClosureYT
    @ClosureYT 3 года назад

    This taught me more than years of school. Thank you

  • @zanelebukali2638
    @zanelebukali2638 4 года назад

    Please keep it coming the financial information it's much needed

  • @robinjessicalucas2464
    @robinjessicalucas2464 2 года назад

    So insightful 👏 thank you very much wise lady.

  • @ireneKlefutswe
    @ireneKlefutswe 5 лет назад

    Thank you so much Nicollet, gosh the 90 days notice is such an eye opener hle😲.

  • @Pendorr91
    @Pendorr91 5 лет назад

    Thanks for the information Nicollete. I just recently started paying back my student loan and this info has given a lot of answers to some questions i had.

  • @jteem5575
    @jteem5575 4 года назад

    Yhiiiiii! Now I have found an answer to my million dollar question. I’ve always struggled to understand my H/L account statement 👏🏽👏🏽👏🏽. Thank you Nic

  • @khuludonald4211
    @khuludonald4211 5 лет назад +3

    Nicolette what is the reaction of goverment in introducing such *Financial literacy* as part of the curriculum from high school or primary

  • @motheolebelo
    @motheolebelo 5 лет назад +1

    Very informative and detailed video plus its useful.
    Thumbs up.

  • @bongiwenkgasho4973
    @bongiwenkgasho4973 5 лет назад

    I kept nodding and agreeing. Listen this is insightful. Thank you so much.

  • @ndimlo2906
    @ndimlo2906 5 лет назад +1

    Hi Nicolette, good one as always

  • @nkanyezicomputersolutions4797
    @nkanyezicomputersolutions4797 Год назад

    thank god I bumped into this video so educational

  • @teneledlamini1299
    @teneledlamini1299 5 лет назад +3

    I genuinely appreciate you!!

  • @letlhogonoloboikanyo1118
    @letlhogonoloboikanyo1118 5 лет назад

    Oh Lord I love this lady...what a mind to behold?!

  • @sinabayfield7783
    @sinabayfield7783 5 лет назад

    All my questions are answered! Still in the process of getting the dream home..

  • @patiencechuene7303
    @patiencechuene7303 2 года назад

    Thank you for this video very insightful

  • @michaelnorton442
    @michaelnorton442 2 года назад

    This is a great video :) Thank you Nicolette

  • @daphniquechannel2882
    @daphniquechannel2882 5 лет назад

    Thank you so much Nicols. That 90 days notice is an eye opener. Let's say one pays off their mortgage, how easy is it going to be to apply for another bond? Is it good for the credit record to pay off the bond in bulk? Thank you once more...

  • @karabomasela5387
    @karabomasela5387 3 года назад

    Wow this has been so informative, keep it up

  • @vuvuleem_2219
    @vuvuleem_2219 3 года назад +1

    Eish but I am so grateful for you Ma'am ❤

  • @thlinx
    @thlinx 4 года назад

    Thank you so much, please do continue to give us such content. Very helpful

  • @SetsoRa
    @SetsoRa 4 года назад

    Wow. I cant believe this information is free. Than you so much🙏🏼

  • @dhivennaidoo1088
    @dhivennaidoo1088 3 года назад

    The reserve bank regulates the interest rate through monetary policies and not government

  • @thembimogala9704
    @thembimogala9704 5 лет назад

    You've explained everything so clearly. Thank you genius.

  • @celesam5468
    @celesam5468 5 лет назад

    Well explained. Thank you Nicolette

  • @kgomotsomaleme1320
    @kgomotsomaleme1320 5 лет назад +8

    Are you charged a settlement fee if your additional payments result in your bond balance being R0 before the end of the bond term?

  • @BarryMichaelDoyle
    @BarryMichaelDoyle 5 лет назад

    This is really great! Thanks for that high quality educational content!

  • @docmediaMlambo
    @docmediaMlambo 5 лет назад +1

    So if your buying to rent out, is it better to manage it yourself or hand it over to an agency? Or Pay only for a finders fee and manage it yourself? If you have video about this please sent link?

  • @seciliailonga2750
    @seciliailonga2750 5 лет назад

    You are a great teacher.

  • @bymhlana
    @bymhlana 5 лет назад +1

    Thank you for this video. It clears up a lot.

  • @mrscourtneyhuman
    @mrscourtneyhuman 3 года назад

    Thank you so much for sharing your knowledge.🙏🙏🙏

  • @chirstophermohale3323
    @chirstophermohale3323 5 лет назад

    Hello,keep on advising the youth, I have a question.....will the bank approve my home loan if the seller is a person not a company/agent

  • @imagesibuyi105
    @imagesibuyi105 5 лет назад

    very informative i'll have to do that with my vehicle loan

  • @jessiemokoena7888
    @jessiemokoena7888 3 года назад

    Nicolette you are the best honey. Thank you so much.

  • @Princess_Ngokz
    @Princess_Ngokz 5 лет назад

    Im always here...😙😙😙thank u sesi Nicollete

  • @Lebethu
    @Lebethu 5 лет назад

    Thanks for the information Sis' Nico

  • @andani019
    @andani019 4 года назад

    Very informative thank you for the Video

  • @WynandLens
    @WynandLens 5 лет назад

    Thank you so much for this! Can you post a link to your Additional Payment Calculator, please ?

    • @BarryMichaelDoyle
      @BarryMichaelDoyle 5 лет назад +1

      It looks like she was using the Property24 bond calculator

  • @charlesndlovu6350
    @charlesndlovu6350 5 лет назад

    You are so Generous Mam, Thank you very much.

  • @peter1873
    @peter1873 6 месяцев назад

    Hi Bunny...just a question..our house was registered on thre 7th of march,so the bank says we must do the first payment now month end...or we can use the grace period,but that will mean we might pay more then on the end of the grace period ..how does that work?

  • @vuvuleem_2219
    @vuvuleem_2219 3 года назад

    So what if you're trading on the side? Can you make unequal payments including the fixed payments thats you make

  • @shaz4709
    @shaz4709 5 лет назад

    You are amazing hle.sies!

  • @priscillarluphahla9810
    @priscillarluphahla9810 5 лет назад

    Thank you Nicholette to make me wise every day

  • @lelethumgayi7512
    @lelethumgayi7512 5 лет назад

    Your videos are educational, thank you so much 😘

  • @connykgaphola4155
    @connykgaphola4155 5 лет назад

    Nicollet you are the life safer thank you for the information.

  • @manuelsefuthi7684
    @manuelsefuthi7684 5 лет назад

    Hi Nicollete, Please advice if I want to sell the property and my ex doesn't wanna sign the papers because it is a joined bond, what can I do?

  • @reginamaledimo8250
    @reginamaledimo8250 3 года назад

    Thank you Nicollete

  • @pearln2308
    @pearln2308 5 лет назад

    Insightful as always 🤩

  • @mosaletswalo7764
    @mosaletswalo7764 4 года назад

    TEAM LIKE BEFORE WATCHING [ APPROVED ]

  • @Ripcord211
    @Ripcord211 5 лет назад +1

    If we can get a full breakdown on that tax section for this, it would change my life on knowing this.

  • @thabilezungu9334
    @thabilezungu9334 5 лет назад

    Very informative, thank you so much 😊

  • @marythankyoumanforwonderfu2122
    @marythankyoumanforwonderfu2122 5 лет назад

    Hi Nicollet i just want want to know if gave the deposit and u want to pay your bond in three months what is the risk

  • @karabomogapi6313
    @karabomogapi6313 5 лет назад

    Thank you, very insightful

  • @gblack6777
    @gblack6777 Год назад

    Hi I'm from the US and I'm looking for a home/land in either Johannesburg or cape town Can you suggest which area affordable in safe?

    • @FinancialBunny
      @FinancialBunny  Год назад

      In dollars all our areas are affordable LOL. I kid, What are you looking for and whats non negotiable?

  • @all_things_busishozi1721
    @all_things_busishozi1721 5 лет назад

    Thank you so much Nicollete you are so helpfull

  • @gustafinengakuzevi8496
    @gustafinengakuzevi8496 3 года назад

    Very clear... 👌

  • @_molebogeng6281
    @_molebogeng6281 4 года назад

    Oh my gosh is it possible to be charged interest that is higher than the initial amount you borrowed or was that just an example

  • @emmanuelmakhado779
    @emmanuelmakhado779 3 года назад

    I Love How you outline information but please try to speak a bit slower.

  • @Lostmykeys96
    @Lostmykeys96 5 лет назад +1

    You are awesome!

  • @vuvuleem_2219
    @vuvuleem_2219 3 года назад

    So the bank will give you the amount of years in which you should pay the home loan?

  • @NanaB3594
    @NanaB3594 5 лет назад

    This really helped. Thank you

  • @pholoanamohlomi
    @pholoanamohlomi 2 года назад

    can i use home loan to build some apartments to rent

  • @tsakymahamu2090
    @tsakymahamu2090 5 лет назад

    Thank you so much
    So how do i pay the little extra amount, i am paying mine via a debit order, do i ask them to add or i just pay extra maybe via EFT?

    • @reginamaledimo8250
      @reginamaledimo8250 3 года назад

      You must make sure you pay before the interest is debited. Ask the bank which date they debit the interest, ask them to allocate the extra payment into the principal money

  • @alisonmotsoane9471
    @alisonmotsoane9471 5 лет назад

    Well explained

  • @palesamgidi8623
    @palesamgidi8623 5 лет назад

    God Bless you. Modimo a ho etsa hantle hle. Thank you so much for all these videos.

  • @zeeSokhela
    @zeeSokhela 5 лет назад

    Does it work the same with a car??

  • @saus5985
    @saus5985 5 лет назад +1

    Lets say you have a bond with SA Home Loans and the interest rate is 11% and your bond is 1m, after a year you decide to change your bond to Nedbank or whatever bank and you ask them to settle your bond with SA Home Loans.
    How much will you pay to settle your SA home loans?

  • @ShaunRoselt
    @ShaunRoselt 5 лет назад

    What's the link to the website?

  • @thabsmashego676
    @thabsmashego676 5 лет назад

    Amortization calculators for all your loans are king ✊

  • @tirolekubu8578
    @tirolekubu8578 5 лет назад

    Once again, thank you.