Hi and Welcome to GPF Mortgage Today we want to share with you the number one tip off how to pay off your Home loans faster. Buying a new home entails having to make a huge amount of debt for a very long time. Paying your Home Loan off in a shorter time frame is very beneficial as it not only cuts on the term but on the interest you are paying on your bond. For more information or if you are in need of getting a Home Loan please do not hesitate to contact us on 086 110 6204 or visit our website at www.gpfmortgage.co.za

1. How To Pay Off Standard Bank Home
Loans Sooner.

2. Normally Standard Bank Home Loans grant a bond over 20 or 30 years. Over this
period you pay almost twice the amount of the original purchase price.
There are three effective ways that will help you pay off your home loan faster,
increase your equity sooner and that will help you save thousands.

3. Change your payments.
This doesn't mean you have to pay more into your Standard Bank Home Loans account.
Instead, change your monthly installment to a bi-weekly or weekly installment.
This doesn't cost you anything extra, but it will save you a lot on the interest.

4. Pay additional amounts.
Off course, if you can afford to pay a little bit more every month, in the end it will
result in maybe an extra full installment every year.
Or if you are able to make a lump sum payment, this will knock off the capital, which
will result in substantial savings over the full term of your Standard Bank Home Loan.
Anything you pay over and above the normal installment will pay off the capital only,
not just interest.
This means your capital will decrease, and automatically less interest has to be paid
over the full term.

5. Keep additional funds in your bond account.
What difference will this make?
Well, since Standard Bank Home Loans calculate the interest on a daily basis, any
additional funds you deposit into your bond account will lower the amount the
interest rate is calculated on.
With an access facility you can deposit and withdraw funds as needed, and still
save thousands in interest.

6. To sum up, these little savings you can do on your Standard Bank Home Loan
might seem insignificant. But everything adds up.
So the R100 you save every month, will add up to thousands over the full term.
To find out how you can pay off your Standard Bank Home Loan sooner, and save
thousands, contact Standard Bank Home Loans directly, or a professional bond
originator.

7. Well, I know that is a lot for you to take in so I am happy to spend
some time with you and answer any questions you have
about choosing home loans.
You are very welcome to contact my office at 086 110 6204 or
send me a personal email at: info@gpfmortgage.co.za