In some cases, the banks will only offer customers a fixed interest rate, in other words no matter what happens to the prime lending rate, your home loan repayments remain the same. This is usually for customers who have had a problem with their...
Retirement
Should you cash in your pension to settle your mortgage? Pension surveys show that around the age of 35 many people who change jobs will cash in their pension fund to settle their mortgage. The question is whether this makes financial sense. Let’s...
Deciding between a unit trust or an ETF
I recently wrote about how a R200 a month investment became worth R35 000 by just investing investing in Satrix 40, an index-tracking exchange traded fund. I mentioned that the returns could have been even better if I had selected one of the top...
