Yes2Property

Archive for June, 2008

Tito Mboweni raises the interest rate by 50 basis points.

By doublef • Jun 12th, 2008 • Category: In the news

So in the end Tito Mboweni only raises the repo rate by 50 basis points. What a relief.
He said in his speech that he was misunderstood when he made the comment about 200 basis points, well Tito, maybe you should think before you speak, you are after all in a position that can cause panic [...]

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How can you repay your bond/mortgage quicker?

By doublef • Jun 3rd, 2008 • Category: In the news

In a world where oil is getting scarce and inflation rises, and thus causes interest rates to rise, it might be a good idea to try and repay your bond/mortgage quicker. So how can you do this?
Pay extra into your bond/mortgage every month
The first tip I have is to pay an extra bit each month. [...]

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