21/01/2025
Thinking of not financing a home because of interest? Let’s break it down:
If your bond payment is R3,876/month for a R500,000 home, that’s just R125/day. With a family of 4, that’s R31.26 per person daily to own your own home. This estimate assumes an interest rate of around 9% per annum over 20 years.
Every payment you make is building equity in an asset that appreciates over time. And with bond insurance, your family inherits a paid-off home if anything happens to you.
Instead of throwing money away on rent or non-wealth-building expenses, why not invest in your family’s future? Property is a legacy, and interest is just the cost of building generational wealth.
At Onika Idinga Properties, we’re here to guide you through the process of homeownership and property investment. Interested in learning more about the Financial Linked Individual Subsidy Program (FLISP)? Reach out to us today to see how you could benefit from this great initiative!