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Tag Archives: Meyer de Waal

Rent2buy in Villiersdorp – Mountain View Estate 37 exciting new homes

We are privileged to share with you the launch of the Mountain View Development in Villiersdorp.

We will attend to the conveyancing and marketing for the developers.

Villiersdorp Mountain Estate – A place of rare beauty and tranquillity and Villiersdorp Mountain Estate offers a unique investment and lifestyle opportunity to those seeking a peaceful place to retire to or a home for fun-filled family holidays.

Perfectly situated in the charming and picturesque town of Villiersdorp in the beautiful Cape Overberg region, this Estate village will be comprise a number of 2 and 3 bedroom homes, as well as a commercial site which is available for sale. 37 New homes are to be constructed in the picturesque town of Villiersdorp and the estate will be within 2 minutes’ drive of the town centre.

RENT2BUY

The developers have made available a few rent2buy opportunities – for more information – go to http://www.privateproperty.co.za/property-rentals-villiersdorp/918.htm

DIRECT PURCHASE OF A COMPLETE FREE STANDING HOME

Construction has already commenced of the first of 3 new homes to be constructed, for more information, go to http://www.hellohouse.com/new-developments/property/villiersdorp-mountain-estate/overview
Contact Meyer de Waal meyer@oostco.co.za for more information – 021 461 0065.

 
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Posted by on 26/09/2014 in Content

 

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How to Buy your First Home + How to own your First Home

EXCTING NEWS FOR ALL OOSTHUIZEN AND CO MEYER DE WAAL CLIENTS

E-GUIDE – How to Own your First Home – How to Buy Your Own Home

Earlier in the year we offered to our existing clients our FREE LEGAL services before you buy or sell a property.

FREE LEGAL SERVICE BEFORE YOU BUY OR SELL A PROPERTY

This FREE service is still available and you can contact Meyer de Waal – 083 653 6975 meyer@oostco.co.za or Mark Witzmann – 083 256 8391 mark@oostco.co.za or at the office – 021 461 0065 for such assistance.

EXTENDED FREE SERVICE

Buying a property is most likely the biggest investment any person will ever make. Almost 50% of property buyers are first time home owners and so have little knowledge on how to go about owning their own home.

We want to plough our knowledge back to our clients and have developed a 12 step E Guide – How to own your own home.

THE E-GUIDE

This service will be made available through a regular timed educational E-Guide.

If you want to receive the full guide – made up of 12 modules – send an email to Juanita – admin@budgetfitness.co.za and we will get you started.

CLICK HERE to download the E Guide

E GUIDE HOW TO BUY YOUR OWN HOME

If you are still in the process of buying your first property – you can also receive our free E Guide – the A – Z on How to go about to own your own property – click here to download the E-Guide.

CLICK HERE TO DOWNLOAD THE E-GUIDE

If you want to receive the full guide – made up of 6 modules – send an email to Juanita – admin@budgetfitness.co.za and we will get you started.

Meyer de Waal

 
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Posted by on 10/07/2014 in Content

 

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Pay extra into your bond and save thousands of rands

HOW TO PAY OFF A BOND FASTER

http://www.property24.com/articles/how-to-pay-bond-off-faster/12194

Many consumers aren’t aware that even a small additional payment into their home loan account every month can make a big difference.

Meyer de Waal – attorney & My Budget Fitness director says – make use of the unique Avid calculator:

 

 

Read more in the following article that appeared in Property 24

 

“If you have a 20-year bond of R500k at an interest rate of 12,5%, and you increase your bond repayment by just R300 a month, you could pay off your bond almost four years earlier and save more than R200k in interest,” says Adrian Goslett, CEO ofRE/MAX of Southern Africa.

Given the difficult economic conditions, however, many homeowners find their budgets stretched to the limit and should rather focus on saving on interest until the tides change.

In order to fast-track the repayment of your home loan with the aim to save on interest, Goslett advises homeowners to secure the best possible interest rate on their home loan. “Every 0,5% reduction in the interest rate on a home loan of R1m represents an interest saving of more than R85k on a 20-year bond. Even 0,1% will make a significant difference over the life period of a bond,” explains Goslett.

He advises homeowners who have a good track record in making their bond repayments in full on time to contact their bank to negotiate a better interest rate, or even consider switching from one institution to another to obtain a lower rate. “However, if you decide to switch, be sure that the cancellation and penalty fees charged are not more than the savings you can achieve,” he says.

“A lower interest rate will not only significantly reduce the interest payable over the term of the bond, but it will also allow you the opportunity to pay extra into your home loan account every month. If you maintain the original repayment at a lower interest rate, you will be paying extra into your bond each month without having to find extra cash in your budget,” he says.

Similarly, homeowners can inform their home loan provider to keep their repayment at the current level should the interest rate drop. “Even though the interest rate is currently at its lowest in 30 years, there has been some speculation about a further possible rate cut. The banks usually decrease your repayments automatically if the repo rate is reduced. By keeping your repayment amount constant as the interest rate drops, you will be paying extra money into your bond account every month without touching your monthly budget,” adds Goslett.

An access facility on your home loan account, as well as Internet or cellphone banking capabilities, provide further opportunities to save on the interest charged on your home loan. The reason for this is simply that the banks calculate the interest on a home loan based on the outstanding balance on a daily basis.

If you have an access bond, as well as Internet or cellphone banking capabilities, you can move cash into your home loan account while still retaining access to it. This will reduce the outstanding balance, and thus the interest charged daily, even if only for a few days, until you withdraw the amounts you need again. “Even these small savings on the daily interest charged can add up to a significant amount over time,” he says.

“Check the cash handling fees charged by your home loan provider and if these are reasonable, deposit any cash you have into the bond and, when needed, transfer the cash back into your current account overnight using the Internet,” explains Goslett.

This could include, for example, your annual bonus or a refund from SARS, or, taking it a step further, a part of your salary.

Splitting your monthly instalment into two payments over the month, e.g. the 15th and the 30th of the month, you can also save on interest. If your bond repayment is due on the 31st and you make it in two instalments – one on the 15th and one on the 31st – you are saving on the daily interest over 15 days.

The payment on the 15th reduces the capital outstanding for 15 days until the interest amount for the month becomes payable on the 31st. The bank’s agreement to this arrangement, instead of the usual debit order, will however depend on a solid payment record.

“Paying off your home loan faster is undoubtedly one of the best investments you can make. Don’t let a tight budget stop you from taking proactive steps to do so. By using strategies such as these, you can fast-track your home loan repayments while saving a considerable amount in interest during challenging economic times,” concludes Goslett.

Readers’ Comments Have a comment about this article? Email us now.

To pay off a bond in short time requires the family to re-learn a new lifestyle of spending. We have focused on paying our bond and did that in 2 and a half years for bond of almost R350k. but we had to sacrifice a lot of things such as fashionable clothes and so forth. Even though, this is our story right now, we need to learn more.

This is indeed a good article that every bond holder should read. – Martha

Thank you for such an interesting article on Bond Savings. I have had a bond for a fairly long time now and never knew that there were so many ways of helping us to settle our bonds and by saving such vast sums by doing so.

What an eye opener. I just wished that the banks making the loans would change attitudes and inform the public of the various savings procedures available. Wishful thinking I should imagine.

Thanks again for such an amazing article. – Bill Lewthwaite

 
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Posted by on 17/06/2014 in Content

 

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How to deal with illegal garnishee orders

My Budget Fitness and Rent2buy, in the quest to assist home buyers to clear their debt often encounter home buyers who have garnishee orders against their names. Many times these garnishee orders are illegal.

These garnishee orders prevent them to obtain a home loan, or even enter into a rent2buy or similar transaction to secure their own home – as their credit records are impaired and the garnishee order usually cause havoc with their affordability – an important factor when you apply for a home loan says Meyer de Waal of Rent2buy and My Budget Fitness.

Cape Town – Anton Viljoen, Group CEO of DCM, demystifies the misconceptions on garnishee orders.

In this short video he explains how it is issued, how it gets delivered and how to clear your name.

Watch:

– Fin24

* Have something to add on the garnishee issue? Let us know.