How I Quickly Pay off My Properties in South Africa

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Күн бұрын

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How I Quickly Pay off My Properties in South Africa
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Пікірлер: 192

@louisreynhardt 3 ай бұрын

Were you aware that making bi-weekly payments is actually a thing? 💵💵

@khethiwesibuyi816 3 ай бұрын

Nooooo😭😭😭😭😭 A hero!!!

@louisreynhardt 3 ай бұрын

@khethiwesibuyi816 hope it can help. Thanks for watching 💪🏻 😁

@jesuslovesyou836 3 ай бұрын

Yes but never knew that SA banks allow that

@MrEltonArendse 3 ай бұрын

Yes but never realized/researched the significant difference as laid out in this video. Informative and clear info right here... thanks Loius

@emmanuelmadi 3 ай бұрын

@@khethiwesibuyi816 Would these by weekly payments be the normal monthly amount or extra payments after the monthly installment?

@loveyabrahams5274 3 ай бұрын

This is so true i paid my bond in 3years and 8months,my bond was 630k paid a deposit of 70k,i would save my bonuses my increase every spare money I gad would go into my 32days notice account and come year end all the money will be paid into my bond account...

@louisreynhardt 3 ай бұрын

Thanks for adding value to the channel and sharing your experience. Well done for dillingntly making extra payments. Thanks for the support 💪🏻💪🏻

@nkosinathindala4745 2 ай бұрын

Wow, that is exceptional 💯

@ashleyericwilliams1058 3 ай бұрын

What you're sharing with us Louis is things I believe should've been introduced to us in school! We would be so much wiser!

@louisreynhardt 3 ай бұрын

I totally agree. I can't remember any relevant life lessons from school. Hope this can spread far and wide to educate young adults. Thanks for watching 💪🏻

@amandambongwa9216 2 ай бұрын

Agreed

@maxine6933 3 ай бұрын

Guys just pay in money in the bond account whenever you have extra cash. SA banks do not generally do split payments on bond repayments but you can try asking. Best way pay the bond as agreed and whenever you have extra cash pay it in to your bond. Home loan interest is charged daily and capitalised monthly so the sooner you pay in that extra monies the more you save on the overall interest capitalised at the end of the month.

@louisreynhardt 3 ай бұрын

Thanks for sharing and contributing to the channel. Appreciate your comment 🙏🏻🙏🏻

@franmdleleni6520 3 ай бұрын

Yep. That's the way to go. I paid off my first house within 7 years. I bought it at R400,000 in 2009. Now renting it out and I can sell it at R800, 000. My second house which is my primary residence, I got in 2017 and am almost paying off. Bought it at R560, 000. The secret is to put additional funds in whenever you get them.

@phelelanikhuluse8840 3 ай бұрын

i love that you are inclusive, aware that some people may struggle with some things. just gained a subscriber

@louisreynhardt 3 ай бұрын

Always 💪🏻Welcome my friend. Thanks for supporting the channel

@G_404 3 ай бұрын

Bruh i just bought a property and this is simple to follow and awesome advice....Big ups to your channel

@louisreynhardt 3 ай бұрын

Well done, and congrats. Thanks for supporting the channel 💪🏻 💪🏻

@nomafmaroga6827 3 ай бұрын

I love the car track ad😅😅😅

@louisreynhardt 3 ай бұрын

Thanks for commenting on that haha 😄 appreciate the support.

@atsile1 3 ай бұрын

Bathong I got confused 😅I was like did I just open another video by error🙊🫣🤣

@luyandamaboea1664 2 ай бұрын

Only 5 min into the video, I immediately subscribed. This information is gold, thank you for sharing

@louisreynhardt 2 ай бұрын

Thank you very much and welcome to the channel. Just keep learning. All the best 💪🏻💪🏻

@lehlagaremogadime7494 3 ай бұрын

This a very short but powerful with lots of useful info. Thanks Louis.

@louisreynhardt 3 ай бұрын

Thanks my friend im glad it can help. Thanks for watching 💪🏻

@Davidxpiano 3 ай бұрын

Knowledge is truly King. Thank you Louis.

@louisreynhardt 3 ай бұрын

I agree, thanks my friend 👊🏻

@user-ks7rl5ne6q 23 күн бұрын

The production value is sublime 👌👌well packaged videos, well done you 👏👏👏

@louisreynhardt 23 күн бұрын

Thank you so much for the positive feedback. Appreciate the support 🙏🏻

@katlegoratshidi5070 3 ай бұрын

Had No idea about the bi monthly payments but it’s definitely something I’m keen to try out. Thank you for this informative video

@louisreynhardt 3 ай бұрын

Glad it can help. Thanks for watching 💪🏻

@kreativekraal 3 ай бұрын

Whats up Louis? Is guyz here. Yoh got me the first time, i thought you missed it in post. I really enjoy your content. Keep up❤

@louisreynhardt 3 ай бұрын

Thanks my friend. I appreciate it. Hope I can teach and put a smile on your face. Then im happy 💪🏻💪🏻😁😁

@Game_Showz 3 ай бұрын

I'm enlightened. Thank you.

@louisreynhardt 3 ай бұрын

Pleasure my friend 👊🏻 😎

@liciouslicious6808 2 ай бұрын

Thank you for sharing your knowledge. Just subscribed

@louisreynhardt 2 ай бұрын

Welcome to the channel and thanks for the support. Share it with your friends and family 🙏🏻🙏🏻

@xolelafaas5784 3 ай бұрын

Louis the legend!!!💪🏾

@louisreynhardt 3 ай бұрын

Thanks for the support 🙏🏻 🙏🏻 🙏🏻

@dingaanmekhoe5268 3 ай бұрын

Your content is sharp and informative. You just got a subscriber. I am going to try this.

@louisreynhardt 3 ай бұрын

Means a lot. Thanks for supporting the channel 💪🏻 💪🏻

@donaldgodide8740 2 ай бұрын

I only watched the first video and subscribed this is free information thanks

@louisreynhardt 2 ай бұрын

Thanks for the support and welcome to the channel 💪🏻 💪🏻🇿🇦🇿🇦🚀🚀

@siphosymposiummadikizela3733 Ай бұрын

Not even finish watching the video, I just subscribe# keep it up bro

@louisreynhardt Ай бұрын

Welcome to the channel my friend. Hope you can learn a lot 💪🏻💪🏻

@terencephilipstrydom4838 3 ай бұрын

Great advice!❤

@louisreynhardt 3 ай бұрын

Appreciate the feedback Terence 💪🏻💪🏻

@TinyFord1 3 ай бұрын

Yeah! You said “it’s Louis” and not guys. I just Subscribed😂

@louisreynhardt 3 ай бұрын

Welcome my friend 💪🏻 🤣🤣

@Awhe 3 ай бұрын

Hi, I really found your video very informative.

@louisreynhardt 3 ай бұрын

Im so glad to hear. Thanks for watching 💪🏻

@siyabongazamisa2303 3 ай бұрын

great one

@louisreynhardt 3 ай бұрын

Thanks my friend 👊🏻

@sihlemasondo2898 3 ай бұрын

Thank bro great content now we know to tackle a bond coz it can the most expensive and heaviest burden in life lol

@louisreynhardt 3 ай бұрын

Pleasure my friend. Knowledge is power 💪🏻💪🏻

@stilloutside 3 ай бұрын

Necessary education ❤❤

@louisreynhardt 3 ай бұрын

I agree, thanks for watching 💪🏻

@wtfisthishandlebs 3 ай бұрын

Legend ❤

@louisreynhardt 3 ай бұрын

💪🏻💪🏻💪🏻🏆🏆

@GracenTrue 3 ай бұрын

I have been so scared to buy property...im so glad i found this channel.

@louisreynhardt 3 ай бұрын

Keep on learning my friend. Take calculated risks and dont stop growing 💪🏻

@keithingle2119 20 күн бұрын

Great video - quick question, you may have answered in a previous video, with the access bonds, why do you prefer to keep your term the same and drop your repayments vs paying the same monthly and shortening your term?

@louisreynhardt 19 күн бұрын

I prefer to always have access to the equity without having to pay for it. If you use the first option you effectively pay for the new debt (refinanced amount) without actually using it. Also im young and dont plan to settle my debt any time soon. But this is different for everyone

@reabetswengobeni4783 3 ай бұрын

The Bi-weekly payment option is definitely underrated. I didn't realize the same bond amount split into 26 fortnightly payments results in such a huge saving! Will definitely be implementing this method 💯. Where can we get the calculator you used showing bi-weekly payments scenario? Haven't come across such a calculator before seems pretty handy

@louisreynhardt 3 ай бұрын

Thank you very much for the positive feedback. You can juost google bi-weekly payment calculator, and you should get a couple of different options. 💪🏻💪🏻

@landofthesheep 3 ай бұрын

Great video Louis, what are your thoughts on being charged early settlement fees ?

@louisreynhardt 3 ай бұрын

I feel its unnecessary, but it's easy to avoid. Just never completely settle the bond. Always have the bond open so you can always access your extra money in your access bond for other investments. Then they won't penalize you. Hope it helps

@Born_A_Star 3 ай бұрын

Is it possible to make a video about this? @@louisreynhardt

@jeandesisnards5097 3 ай бұрын

Hi Louis, Can I ask if you can do a video on the pro's and cons'of buying vesus renting?

@louisreynhardt 2 ай бұрын

Sure, check out my property playlist. I made 2 videos about this very long ago. I will consider doing an updated version. Thanks for supporting the channel 💪🏻

@briansithole1218 3 ай бұрын

Mate you've gain a new subscriber. I will be in touch soon

@louisreynhardt 3 ай бұрын

Thanks my friend. Welcome to the channel 💪🏻 💪🏻

@julietranoko947 3 ай бұрын

Thank you for great content, I've doing the weekly payments with ABSA, it didn't work, please share on how to go about that,

@louisreynhardt 3 ай бұрын

Which access bond option did you use? And what do you mean with it didn't work? This is also something that takes a bit of time to compound . Let me know 💪🏻

@Noahjen2472 3 ай бұрын

Can you make a separate video explaining which bank and how to liaise with the bank for this method

@user-ki3vp9up4v 3 ай бұрын

Thanks for the content, informative. How do I do bi weekly payment

@louisreynhardt 3 ай бұрын

Pleasure. 💪🏻 You will have to talk to a banker to setup bi weekly stop orders and remove the debit order.

@Noahjen2472 3 ай бұрын

@@louisreynhardtwhich banks specifically allow this method?

@kyleniekerk 3 ай бұрын

Hi Louis, when making extra payments like you mentioned of R500, when in the month is the best time, would it be mid month to act as a bit of a by weekly scenario or should we be making those payments the same time the normal bond debit order goes off

@louisreynhardt 3 ай бұрын

I would say the same day as your debit order so that that amount goes directly to your principal debt, reducing your overall interest. ( You can set up a higher debit order), or you can also do it during the week, but you will have to manually pay or set up a stop order. Tbh im not sure which one will perform the best.

@brandonpypers4747 3 ай бұрын

Hi Reynhardt.....I bought a property and I am living in it for about 7 months ......For R680 000 I paid diligently and on time everytime ....if I were to sell the house now ..how much would I owe the bank

@kyleniekerk 3 ай бұрын

@@brandonpypers4747 depends on how much you sell for, if you sell for the same amount you owe then nothing (unless admin fees). If you sell for me than you owe then you make a profit.

@MrsDyarvane 21 күн бұрын

Hi Lious, great video. We are learning so much thank you! Is it possible to buy property at an amount lower than its market value, then ask the bank for equity on the difference ? E.g if you bought a house for 1.2 but it’s worth 1.5 then get 300k equity in your access bond ? I hope my question makes sense. If yes could this be used for your benefit to lower the interest you are paying ?

@louisreynhardt 21 күн бұрын

Absolutely, there is just a couple of key points to understand. I made a video about it that will answer your question. kzfaq.info/get/bejne/hpxkfrmgvNfPc2g.html

@MrsDyarvane 21 күн бұрын

Thank you Louis, just watched the video now.

@GerhardSwart-ft5en 2 ай бұрын

Hi Louis, thank you for your videos. I really enjoy them. I have a question. You are talking about flexi reserve no1 and no 2. My current loan is no2. My monthly payments stay the same when I put extra capital into my loan. I bank through ABSA. Do you know if it is possible to change it to no1, where my monthly payments will go down and my loan term stays the same? Thank you

@louisreynhardt 2 ай бұрын

Thanks for your comment brother. Yes you should be able to change the option. ( every bank has its own name for these facilities) the one I used as an example was StandardBank. You should be able to simply change the option with your banker.

@GerhardSwart-ft5en 2 ай бұрын

@@louisreynhardt Thank you for the quick reply. Appreciate it. Excellent channel.

@Mogotsi_P 3 ай бұрын

Does it make a difference when you put money in an access bond weekly instead of monthly compared to changing the initial monthly repayment??

@louisreynhardt 3 ай бұрын

Depends on which access bond option you use. But effectively it should make a difference if you lay more than the initial bond amount.

@everydayshid 2 ай бұрын

just a question wrt properties, you say you work on the 1% rule? This includes the levies & rates/taxes... does this include Insurance - and could you give the average amount that you spend on property insurance?

@louisreynhardt 2 ай бұрын

The 1% rule is like a simple gross yield. It doesnt include rates and levies etc. Its just a very simple formiula to quickly define goor or bad deals. Property insurance varies depending on the property.

@no0bgamer_419 3 ай бұрын

Hi, firstly great videos, very insightly, But a question, I am a looking into property investments while i am still young(22) and have a few questions or need some guidance, is there anyway i can reach out to you for some guidance ?

@louisreynhardt 3 ай бұрын

Thanks for watching, and well done for starting at such a young age. You will be miles ahead of others if you continue to learn. You can pop me an email at louisreynhardt@gmail.com or you can also consider enrolling in my property course To secure your spot, simply click payhip.com/LouisReynhardt and follow the easy registration process. Otherwise, keep on watching free content like this and rrad as much as you can . All the best my friend.

@shahedcassim7392 3 ай бұрын

So basically you just created the stop order or scheduled transfer like fnb etc etc instead of doing manual transfers lol. But yeah I think if some people have that in place then they’d commit more towards paying the loan faster as having will power to manually do it could be a tad bit more difficult for some

@louisreynhardt 3 ай бұрын

Bi weekly stop orders yes. They wont allow only manual payments. You need to set up some sort of debit or stop order and additional payments can be made manually

@antoinemuskat5557 17 күн бұрын

Please share the link to the app you using to calculate the bond savings

@louisreynhardt 17 күн бұрын

You can simply google " extra bond payment calculator " 💪🏻💪🏻

@TEG_Kev 3 ай бұрын

Don't know if it's your setup or an issue on my end, but your sound output volume is a little soft brother

@louisreynhardt 3 ай бұрын

Thanks for commenting. But no, it has to be on your side. The quality of the video is perfect, and all the settings are correct.

@matthewdebeyer 3 ай бұрын

Great video. Which bond originator have you had the best success with in South Africa?

@louisreynhardt 3 ай бұрын

Thanks for watching 💪🏻 I use "my home loans" It's important that the person helping you understands your excat goals and situation. Try to build a good relationship with that person.

@bevanweber4471 3 ай бұрын

Hi thank you for your videos. Can you plz make a video on trading hrokers who offer the most amount of margin for trading stocks especially

@louisreynhardt 3 ай бұрын

Pleasure my friend. Unfortunately, I do not trade or invest on margin, so I dont have any experience with that. I simply use brokerages like Easy Equities to invest over the medium to long term . Feel free to suggest any video ideas regarding investing in stocks 💪🏻

@lindelwahlela1851 16 күн бұрын

I once heard you can also pay daily but i am not sure banks would allow that. Do you know of daily payments as a possibility?

@louisreynhardt 15 күн бұрын

You can effectively setup daily stop orders, but a stop order is usually around R20 per stop order, so it will defeat the purpose. You can make manual payments, but I dont know of anyone that has done it before.

@jacksprat429 Ай бұрын

If you were able to pay double what the premium is, you could pay off your loan within 5 to 6 years.

@louisreynhardt Ай бұрын

Absolutely, I think this is very hard for most South Africans but it's definitely possible. Thanks for sharing.

@latsolatso6378 3 ай бұрын

Can you please advice how one can go about notifying the bank on changing payments to daily to cover the interest and bond payments. Am saying dividing the payments to a daily payment. The 500k bond 5K monthly divided to daily payments . Creating an auto payment schedule.

@louisreynhardt 3 ай бұрын

You will have to go and speak to a banker. They won't allow daily payments. You will have to negotiate to set up a bi-weekly stop order. This is different than a debit order. Make sure you have a good and sharp banker to help you.

@nesangovender8186 3 ай бұрын

@@louisreynhardt I had revolving loans... I could pay in whatever I wanted when I wanted... didnt have to discuss anything with my banker... I kept the original loan payment amount and frequency the same and maintained the debit order and added in spare cash when I could.... saved a fortune in interest

@tshililomugovheli2717 3 ай бұрын

Just throw that money in to your bond account whenever

@user-hk1ky6ts6m 3 ай бұрын

Interesting

@louisreynhardt 3 ай бұрын

💪🏻💪🏻

@nowelaZA 3 ай бұрын

The amortisation effect, basically.

@louisreynhardt 3 ай бұрын

Yeboo

@marlonadams2455 3 ай бұрын

Hi Louis, awesome content, what is the calculators you use, to calculate the savings?

@louisreynhardt 3 ай бұрын

You can just google extra loan payment calculator and look for a South african site ending with co.za They should do the trick

@willemvos3088 3 ай бұрын

Hi Louis do I do the payments every 2 weeks with a debit order?

@louisreynhardt 3 ай бұрын

Unfortunately SA banks dont allow this so you will have to negotiate to set up a "stop order" every second week. Make sure you get a smart banker who can help.

@tebogomotsamai3501 3 ай бұрын

Not sure if i am slow but how does the Bi-weekly help with cutting down the loan term if i am still paying the same amount? help needed please.

@louisreynhardt 3 ай бұрын

Not at all, just remember there's no such thing as a stupid question. It simply means you will make payments every second week, reducing daily interest and resulting in 26 weekly payments or 13 monthly payments in a year instead of 12 in a year.

@SpartanHighKing14 3 ай бұрын

Hello. I have a question. Will the bank penalize me if i take out a 30year mortgage and pay it off within 15-20 years? Because it almost seems like a cheat code because we're cheating the bank out of earning more interest from us.

@nesangovender8186 3 ай бұрын

@louisreynhardt 3 ай бұрын

No, they won't , not unless you settle the entire bond. I suggest to always keep the access bond facility open for Liquidity. But yes it is a life hack. I always take 30-year bonds. You can pay a 30 year bond in 20 years but you can't pay a 20-year bond in 30 years.

@francoisvandermerwe8790 3 ай бұрын

How does the bi-monthly payment strategy work? I can't see how paying the same amount split in two will cause that affect?

@louisreynhardt 3 ай бұрын

Interest is calculated daily on your outstanding debt. So reducing your debt 2X a month reduces the overall interest. You also end up making 26 weekly payments, which results in 13 monthly payments also reducing your interest. By reducing your overall debt, your interest goes down. Instead of accumulating interest for 30 days , it only accumulates for 15 days, therefore reducing interest charged. You can also google it for a better explanation. Hope this helps.

@francoisvandermerwe8790 3 ай бұрын

@@louisreynhardt thank you for the reply!

@thatperson1818 3 ай бұрын

Is there a difference between 26 biweekly payments and 13 monthly payments?

@louisreynhardt 3 ай бұрын

Great question. Yes, there is a massive difference. Interest is calculated daily, so making payments more often ultimately reduces the interest charged on the principal debt because your debt will reduce every week instead of every month. Thanks for watching 💪🏻

@oriyomiadegbesan9022 24 күн бұрын

Will paying bi weekly also impact personal loan interest and payment terms.

@louisreynhardt 24 күн бұрын

Great question, Yes, it will absolutely reduce your interest and term. But Im not sure if you can set up these payments with personal loans.

@zeroasie9368 3 ай бұрын

So I must ask them to cancel the debit order and make a stop order ?

@louisreynhardt 3 ай бұрын

Yes effectively. But you just need to make sure you work with a sharp banker so they understand what you want to achieve.

@landrover-ib7wo 3 ай бұрын

Bro seriously😂😂😂

@lulamaroxar8589 2 ай бұрын

Can you be my mentor with charges your knowledge is gold.

@louisreynhardt 2 ай бұрын

Sure, my friend, you can pop me an email at louisreynhardt@gmail.com, or you can always consider my property course with the mentoring option. To secure your spot, simply click payhip.com/LouisReynhardt and follow the easy registration process. All the best. Keep learning

@mallickjardine5828 3 ай бұрын

Please tell us which bank allows you to make bi -weekly payments

@louisreynhardt 3 ай бұрын

I have done it with Standard Bank. But you will need to motivate why you want to do it. Also, it will be stop orders and not a debit order.

@mabilele 3 ай бұрын

Good day Louis,my name is Miyelani,I tried to call Standard bank to make biweekly payment on my bond and they told me that the system doesn't allow them to change it to biweekly,it only allows monthly payments.please help me in that regard.I have the name and the reference number of my call.

@louisreynhardt 3 ай бұрын

I would suggest going into the bank and speaking to someone in person. You have to state that it will be a stop order every second week instead of saying it's a bi monthly debit order. Make sure you speak to a sharp banker . Goodluck

@mabilele 3 ай бұрын

@@louisreynhardt thanks for the response,I'll go back but what I don't understand is that with my first property I didn't have these issues and it took me 7 years to pay it off with biweekly payments and of cause with a bit of extra cash.

@thatomohapi5956 3 ай бұрын

Can the same be done with car finance???

@louisreynhardt 3 ай бұрын

It should be possible but i haven't done it with car fiancee. I dont think Bi weekly payments will be allowed.

@-tmt-7312 3 ай бұрын

10min video in 1 sentence = Pay more money monthly & a lump sum to reduce loan term.

@louisreynhardt 3 ай бұрын

You clearly did not watch the whole video.

@maxine6933 3 ай бұрын

😂😂😂True.

@-tmt-7312 3 ай бұрын

No need to, saying potato in two different ways, it stays potato@@louisreynhardt Paying R5000 monthly or R2500 bi-weekly is exactly the same thing.

@louisreynhardt 3 ай бұрын

Haha its not the same thing. Interest is calculated daily. Go do the math. Otherwise move a long

@futurecloudgamer2325 3 ай бұрын

1 sentence doesn't make money like a 10 min video and that money can be used to pay down a bond quicker or buy another property..😏

@calmingbabysleep1256 3 ай бұрын

What about home owners insurance? Ive looked and seen it starts in the thousands of rands. That takes major gains away..

@louisreynhardt 3 ай бұрын

Do you mean home insurance for your goods or insurance for the building or insurance against defaulting or job loss ?

@calmingbabysleep1256 3 ай бұрын

@@louisreynhardt either/ all. This needs to be taken into consideration, surely. How come it was not included? You don't have insurance?

@louisreynhardt 3 ай бұрын

@calmingbabysleep1256 its not relevant to this specific video. Also its only necessary for free hold properties because levies include building insurance. Home goods insurance is a personal expense and does not form part of my investments. Check out some of my other property videos where I do ROI calculations then you will understand.

@calmingbabysleep1256 3 ай бұрын

@@louisreynhardt I will watch them. What insurance do you have?

@calmingbabysleep1256 3 ай бұрын

@@louisreynhardt I'll watch them. What insurance do you have on properties? How much is that?

@keithjulie7873 3 ай бұрын

@3 mins in - not true. If you increase your payment by x amount as an extra payment, the repayment amounts are recalculated over the remaining years left and your pay-in will be less thus making this exercise futile. You would have to look closely at the repayment amount as stipulated by the bank and increase your extra pay-in as the bond amount decreases... Hope this makes sense? In my opinion, the best way is to approach the bank and ask to reduce the remaining term of your bond. This way your repayment increases and if possible an extra few hundred will make a massive difference. This is obviously my experience.

@louisreynhardt 3 ай бұрын

Yes, you are right, but my statement is based on the first access bond option. You can choose between the 2 options depending on your strategy. If you want to reduce your term, you can use the 2nd option. I just dont use the option to reduce my payments because my overall goal is not to settle the debt. But thanks for sharing and adding value to the comments. Appreciate your input 💪🏻

@keithjulie7873 3 ай бұрын

@@louisreynhardt thanks Louis for setting the record straight. When I bought my property more than twenty years ago we didn't even know of this option. However, my wife and I had the same idea and was able to reduce our term to a more manageable eleven years - while still paying a few extra hundred in the middle of each month. It has worked so we managed to buy another property in Cape Town. Love your honest and reliable show - keep it up!

@thebaddie391 3 ай бұрын

Are these bi weekly payments allowed in SA ?

@louisreynhardt 3 ай бұрын

Yes they are. I use it. . You just really need to motivate your reason. You will have to set up stop orders so it won't be a debit order. Make sure you have a sharp banker.

@nizamsheik69 2 ай бұрын

can i have the website for the calculator

@louisreynhardt 2 ай бұрын

You can just google extra payment calculator. Let me know if you can't find it.

@Formula1-Dave 3 ай бұрын

How realistic or feasible is it to TRY to treat a 500k home loan like a 5 -7 year car loan?

@nomafmaroga6827 3 ай бұрын

It is doable. I am doing with with my bond. But you must be prepared to starve yourself 😅. I'm doing it to move to a bigger house in 4 years.

@muzinkosi9773 3 ай бұрын

It’s highly possible. I took 60 months bond for R1.3m house with a R200k deposit that we had saved in 2021 and i’m paying R23k monthly instalment instead of R14k that I would have paid for 20 years and today i’m left with 27 Months to finish the bond & regain my freedom. Banks will never propose such alternatives for you and they’re available & doable as Noma mentioned.

@Formula1-Dave 3 ай бұрын

@@nomafmaroga6827 nice!

@Formula1-Dave 3 ай бұрын

@@muzinkosi9773 this is awesome!

@louisreynhardt 3 ай бұрын

Very realistic 💪🏻💪🏻

@marcdevilliers2182 3 ай бұрын

bi-weekly ... twice a week, fortnightly... every 2nd week ?

@louisreynhardt 3 ай бұрын

Every second week, meaning 26 times a year total 💪🏻

@donaldgray2128 3 ай бұрын

Should it not be called WORST BOND THEN

@louisreynhardt 3 ай бұрын

🤣🤣🤣

@maxine6933 3 ай бұрын

Quite young😮 Are you below 40 years?

@louisreynhardt 3 ай бұрын

Haha im 28 , do I look 40 years old ? 🤣😪🤪

@maxine6933 3 ай бұрын

@@louisreynhardt you are too mature lol. I did not think you are younger. I love your channel ...

@ckp3118 3 ай бұрын

Ek het laas jaar ñ video gesien van ñ man wat sê betaal elke dag ñ bedrag op jou huislening. Dit neuk die algoritme blykbaar op en jy betaal minder rente.

@louisreynhardt 3 ай бұрын

Dit kan werk want rente word bereken daagliks. Maar dink net gou aan al die moeite as jy bv. 5 of 10 plekke besit. Ek sou eerder stick met wat ek genoem het in die video. Dankie vir die deel 💪🏻