The bond on my house has increased by R10,000 a month over the past year, making it unsustainable for me on my current income. I have an apartment I’m also paying off that’s rented out, but I pay levies and rates on it. Should I sell the flat to help cover my home loan? Or how should I pay my monthly house bond?In this situation, it’s advisable for the customer to contact her bank and to discuss if her home loan products are the correct type of products for her, based on her circumstances.
Also, it is advisable that she keeps a good handle on where she spends her money to reduce unnecessary spending. Lastly, she must strive to keep up with her monthly repayments so that she keeps a healthy credit record.Next week’s reader question:
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