Unlock your Home Loan Piggy Bank

With the recent sharp increase in property values your current home could be a pot of gold.

Property prices have increase about 20% - 30% over the past year but according to economists this current boom will not continue or much longer despite recent changes in property taxes announced in the budget speech.

Home Loan investments

You could get a health profit by selling your home at this time while the property market is hot, but remember you'll need to spend about the same for a home of similar size and in a similar location.

There is another way to access that pot of gold your house currently sits on. You can unlock the value of your property by staying right where you are.

You, as a property owner, can have your property revalued and apply for a further advance on your home loan of up to 100 percent of the new value of the property.

Advancements on your Home Loan

So for example, your home was initially valued at R250 000 and your home loan at the time was R250 000 and your property has since be revalued to be worth R500 000 - you will be entitled an extra R250 000 on your home loan.

It doesn't matter whether you want to use the equity in your home to make an investment or to splurge on consumer goods - banks generally lend subject to the normal credit criteria: whether you can afford the monthly repayments.

Click here for more SA Home Loan information

In The News:
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table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.marketwatch.com/news/story/mortgage-loan-applicants-welcomed-family/story.aspx%3Fguid%3D%257B9202D88B-6F34-453F-AC9F-55CFBBBDCF69%257D%26dist%3Dhpprcid=1254808303ei=IUbqSK3iGKCQ6AON7fSPDgusg=AFQjCNHPRo4Gnjxn0KFCwWEh4XRwrzei2gbMortgage/b Loan Applicants Are Welcomed at Family First Federal b.../b/abrfont size=-1font color=#6f6f6fMarketWatchnbsp;-/font nobr3 hours ago/nobr/fontbrfont size=-1The credit union provides various bmortgage/b services including construction loans, bmortgage refinance/b and home equity options. Anyone who lives, works, b.../b/font/div/font/td/tr/table
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.dallasnews.com/sharedcontent/dws/bus/stories/DN-mortgages_05bus.ART.State.Edition1.26e441e.htmlcid=1254756855ei=IUbqSK3iGKCQ6AON7fSPDgusg=AFQjCNFVDaByNY0a9uLJqjOIhmBhemnOAwMany pieces go flying from bmortgage/b implosion/abrfont size=-1font color=#6f6f6fDallas Morning News,nbsp;TXnbsp;-/font nobrOct 5, 2008/nobr/fontbrfont size=-1quot;People were [brefinancing/b] to pay off other debts,quot; said Ms. Watson. quot;The saying was, #39;Why get a car loan when you can get a bmortgage/b loan and write off b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.tuscaloosanews.com/article/20081005/NEWS/810050277/1214/SPORTS04%3FTitle%3DMY_TURN__President_Bush_s__administration_is_not_to_blamecid=1254756855ei=IUbqSK3iGKCQ6AON7fSPDgusg=AFQjCNGIOPp88JCg7tFUeRFDrTkbs0taVAMY TURN: President Bush’s administration is not to blame/a font size=-1 color=#6f6f6fnobrTuscaloosa News (subscription)/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.courant.com/news/opinion/editorials/hc-digbrflets1003.art3oct03,0,2510204.storycid=1254756855ei=IUbqSK3iGKCQ6AON7fSPDgusg=AFQjCNF3o24GXt_I7-HkiZqZwyDo373BIQProtect Taxpayers/a font size=-1 color=#6f6f6fnobrHartford Courant/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1254756855hl=ennobrall 57 news articles/nobr/a/font/div/font/td/tr/table
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table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://online.wsj.com/article/SB122325772150706655.html%3Fmod%3Dspecial_page_campaign2008_mostpopcid=1254284878ei=IUbqSK3iGKCQ6AON7fSPDgusg=AFQjCNEPO0kYPhQGZ1MuQ5li0qrkuJh8HwNot Everyone Should Own a Home/abrfont size=-1font color=#6f6f6fWall Street Journalnbsp;-/font nobr2 hours ago/nobr/fontbrfont size=-1Americans can take out a bmortgage/b more or less as a one-way bet. If you can#39;t afford the repayments and can#39;t brefinance/b, you just send the keys back to the b.../b/font/div/font/td/tr/table
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.marketwatch.com/news/story/homesaverprogramorg-loan-modification-saves-desperate/story.aspx%3Fguid%3D%257BFD213C8F-9774-420A-8AAF-E433C3CA5D88%257D%26dist%3Dhpprcid=1254820845ei=IUbqSK3iGKCQ6AON7fSPDgusg=AFQjCNHz8tjv7_ifnKcNZdcHsbUPRgt6bAhomesaverprogram.org Loan Modification Saves Desperate Couple from b.../b/abrfont size=-1font color=#6f6f6fMarketWatchnbsp;-/font nobr2 hours ago/nobr/fontbrfont size=-1The mounting medical bills prompted the couple to brefinance/b their $350000 home in Chicago, IL, from a $200000 30-year fix-rate bmortgage/b at a 6.0% interest b.../b/font/div/font/td/tr/table
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.startribune.com/business/30453934.html%3Felr%3DKArksLckD8EQDUoaEyqyP4O:DW3ckUiD3aPc:_Yyc:aUnciatkEP7DhUsXcid=1254804461ei=IUbqSK3iGKCQ6AON7fSPDgusg=AFQjCNGHysys1gh-qkMEujEyJTH13ZmyCwCommercial real estate feels pinch/abrfont size=-1font color=#6f6f6fMinneapolis Star Tribune,nbsp;MNnbsp;-/font nobr3 hours ago/nobr/fontbrfont size=-1Most of the ones Bushman said he#39;s familiar with involved small retail properties that failed to attract tenants or were unable to brefinance/b. b.../b/font/div/font/td/tr/table
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.freep.com/apps/pbcs.dll/article%3FAID%3D/20081004/BUSINESS01/810040329/1014/BUSINESS01cid=1254177445ei=IUbqSK3iGKCQ6AON7fSPDgusg=AFQjCNHbaCtqM7AyColwhuBaIvQ14a7PbAHow to handle the current economic crisis/abrfont size=-1font color=#6f6f6fDetroit Free Press,nbsp;United Statesnbsp;-/font nobrOct 5, 2008/nobr/fontbrfont size=-1Q: My bmortgage/b broker called today and said now is the time to brefinance/b and bmortgage/b rates are at their lowest in years. He said he could get his appraiser b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.freep.com/apps/pbcs.dll/article%3FAID%3D/20081003/BUSINESS06/81003046/1019cid=1254177445ei=IUbqSK3iGKCQ6AON7fSPDgusg=AFQjCNHn0TKQGWGhdk-Fggd4XAu9UFnJnQFinancial advisers answer your questions/a font size=-1 color=#6f6f6fnobrDetroit Free Press/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1254177445hl=ennobrall 5 news articles/nobr/a/font/div/font/td/tr/table
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.tradingmarkets.com/.site/news/Stock%2520News/1921464/cid=1254444536ei=IUbqSK3iGKCQ6AON7fSPDgusg=AFQjCNEsf8U7bWN9z5dISbDg7h8i9NV0igChicago Tribune Mary Umberger column: If you can buy/brefinance/b now b.../b/abrfont size=-1font color=#6f6f6fTrading Markets (press release),nbsp;CAnbsp;-/font nobrOct 5, 2008/nobr/fontbrfont size=-1b.../b bmortgage/b planner at Mobium bMortgage/b in Chicago. quot;If you#39;re thinking about now rather than later to buy or brefinance/b, now is better because we at least b.../b/font/div/font/td/tr/table
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.housingwire.com/2008/10/06/sec-acts-against-la-brokers/cid=0ei=IUbqSK3iGKCQ6AON7fSPDgusg=AFQjCNET5BN_vAImThR3tBToYwsQZFaSjwSEC Acts Against LA Brokers/abrfont size=-1font color=#6f6f6fHousing Wirenbsp;-/font nobr41 minutes ago/nobr/fontbrfont size=-1The brefinancing/b of borrowers’ homes generated both “short term savings” between the old and new bmortgage/b payments and “equity removed from the investors’ b.../b/font/div/font/td/tr/table
mortgage refinance - Google News


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