Managing and Using Access bonds for First Time Home Buyers

  Рет қаралды 3,427

The Property Corner with Rowan Alexander

The Property Corner with Rowan Alexander

Жыл бұрын

Welcome to an informative episode on "Managing & Using Access Bonds." In this episode, we'll provide you with valuable insights and practical tips on how to effectively manage and utilize access bonds. Access bonds can be a powerful financial tool when used wisely, and we're here to guide you through the process.
We understand that access bonds can be a complex subject, but with the right knowledge, you can make the most of this financial instrument. Whether you're a seasoned homeowner looking to leverage your property's value or someone new to the concept of access bonds, this episode is a must-listen.
We'll start by explaining what access bonds are and how they work. Understanding the mechanics behind access bonds is crucial for making informed decisions. We'll walk you through the steps to access the equity in your home and discuss the potential benefits and risks associated with this approach.
Managing an access bond effectively involves careful financial planning and discipline. We'll offer expert advice on how to use access bonds responsibly, ensuring that you optimize your financial situation without falling into unnecessary debt.
Additionally, we'll discuss various strategies to utilize access bonds wisely. From investing in home improvements that can increase your property's value to exploring other investment opportunities, we'll provide actionable tips to help you make the most of your access bond.
Tune in as we guide you through the intricacies of managing and using access bonds. With the right approach and knowledge, you can make informed decisions that align with your financial goals, even in challenging economic times.
For further updates and in-depth discussions, subscribe to our podcast on your favorite platform:
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Thank you for joining us, and let's embark on this journey to effectively manage and use access bonds for a more secure financial future.

Пікірлер: 16
@kirstenventer6805
@kirstenventer6805 7 ай бұрын
I’m 25 and trying to create a solid nest egg for my retirement.. I find your videos insightful and motivational . Thank you for sharing your knowledge! 😊
@propertycornerZA
@propertycornerZA 6 ай бұрын
We are glad it's been helpful! You can do it!
@jasontuck5619
@jasontuck5619 10 ай бұрын
Excellent advice once again, thank you, love these videos.
@propertycornerZA
@propertycornerZA 10 ай бұрын
So glad!
@sonwabilehlazo5486
@sonwabilehlazo5486 3 ай бұрын
Thank you,🙂 yes your advice was useful.challenge is getting the higher interest earned on access bond account instead of savings account.
@yadavtimmal5878
@yadavtimmal5878 10 ай бұрын
Excellent info rowan 🔥
@Flowerkittyroblox
@Flowerkittyroblox 5 ай бұрын
Thnks for this video. Pls advise how it impacts the loan term and installment when you access all or some of the money that you have saved in your access bond account after a year or so.
@oluwafemifasan4826
@oluwafemifasan4826 9 ай бұрын
I tried this with my 2 Absa loans, the first access bond, I ask the bank to capitalize the lump sum and reduce my monthly payment and keep my terms, but now I can't access that cash but I like the fact that my payment is reduced saving me on interest payment. Second access account, I add a lump sum but didn't ask the bank to capitalize it, the money is accessible to me anytime but it doesn't generate any interest. Am I doing something wrong? I have called Absa and according to their customer service I can only benefit from it by capitalizing and reapply again when I need it and payment will definitely go back up.
@WendyAdo
@WendyAdo 9 ай бұрын
My bond is paid up but the account is still open. Long story, but the bank is being sticky about refinancing me. Would it still be worth my while to save into the bond account?
@WendyAdo
@WendyAdo 9 ай бұрын
Oh, and great info, thanks.
@mpilomasuku8649
@mpilomasuku8649 10 ай бұрын
Is it a good idea to use my personal loan to deposit a property or buy one?
@propertycornerZA
@propertycornerZA 10 ай бұрын
Rather spend some more time saving up. Personal loans have very high interest rates and short repayment terms which will cause high instalments.
@sanjeevsingh7618
@sanjeevsingh7618 11 ай бұрын
I have about 700k in savings and an outstanding bond of about 1.2 mil. Getting 13% interest from African bank. Would it still be be wise to have it moved to my access account?
@propertycornerZA
@propertycornerZA 10 ай бұрын
Definitely!
@raamgovender3112
@raamgovender3112 10 ай бұрын
Good day. I am in the process of selling one of my properties. If I transfer the funds of the sale into an access bond, would I still be liable for capital gains taxes?
@propertycornerZA
@propertycornerZA 10 ай бұрын
@@raamgovender3112Capital Gains Tax does not take bond values into account, it will thus have no effect on any CGT liabilities
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