Property Investment: Understanding Mortgage Bond Repayments

Subscribe for more FREE property investment advice in South Africa: Youtube: http://youtube.com/@propertycornerza Spotify: https://shorturl.at/horJT Apple Podcasts: https://shorturl.at/alFG7 In today's episode of The Property Corner, Rowan is going to be looking at mortgage bonds. Specifically how mortgage bond repayments are broken down between interest and principle. As well as understanding the process of repaying your bond and what happens if you make additional bond payments to help you understand the repayment schedule better. 0:00 Introduction 1:10 Understanding the repayment schedule & how to work out your potential repayments 2:40 How long are you only paying interest for? 3:39 At what point in your loan are you paying equal amount of interest and capital 4:22 The point where your interest is low and your capital amount is higher 5:27 The effect of paying additional money into your bond over and above your commitment 7:38 Outro Work out your bond repayments yourself https://www.bondgallery.co.za/home-loan-amortization-calculator/ If you're looking to learn more about bonds, we have a full episode tailored for first time home buyers on "Managing and Using Access bonds." If we haven't covered any topics of property investment that you are struggling with, please leave us a comment below so that we can help you on your property investment journey. Find property for sale in Cape Town or explore our property development on our website www.asproperty.co.za #propertyinvestment #realestateinvesting