How I Quickly Pay off My Properties in South Africa
How I Quickly Pay off My Properties in South Africa
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How I Quickly Pay off My Properties in South Africa
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(If you can spend Hundreds of rands per month on…
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Were you aware that making bi-weekly payments is actually a thing? 💵💵
Only 5 min into the video, I immediately subscribed. This information is gold, thank you for sharing
Thank you for sharing your knowledge. Just subscribed
Can you be my mentor with charges your knowledge is gold.
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?
Hi Louis, Can I ask if you can do a video on the pro's and cons'of buying vesus renting?
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
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.
Can the same be done with car finance???
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.
Thank bro great content now we know to tackle a bond coz it can the most expensive and heaviest burden in life lol
Knowledge is truly King. Thank you Louis.
Are these bi weekly payments allowed in SA ?
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…
Please tell us which bank allows you to make bi -weekly payments
@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.
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!
I'm enlightened. Thank you.
How does the bi-monthly payment strategy work?
I can't see how paying the same amount split in two will cause that affect?
Bruh the knowledge you give us is worth gold. Thank you very much
Interesting
Mate you've gain a new subscriber. I will be in touch soon
Yeah! You said “it’s Louis” and not guys. I just Subscribed😂
Should it not be called WORST BOND THEN
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.
Quite young😮 Are you below 40 years?
great one
Great advice!❤
Your content is sharp and informative. You just got a subscriber. I am going to try this.
This a very short but powerful with lots of useful info. Thanks Louis.
Bro seriously😂😂😂
Don't know if it's your setup or an issue on my end, but your sound output volume is a little soft brother
I have been so scared to buy property…im so glad i found this channel.
The amortisation effect, basically.
Necessary education ❤❤
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
Hi, I really found your video very informative.
Thanks for the content, informative. How do I do bi weekly payment
Legend ❤
i love that you are inclusive, aware that some people may struggle with some things.
just gained a subscriber
Hi Louis, awesome content, what is the calculators you use, to calculate the savings?
Louis the legend!!!💪🏾
Bruh i just bought a property and this is simple to follow and awesome advice….Big ups to your channel
Great video Louis, what are your thoughts on being charged early settlement fees ?
Does it make a difference when you put money in an access bond weekly instead of monthly compared to changing the initial monthly repayment??