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Issue 2 / June 2005
This newsletter marks the end of the first year of business
for The Bond Man.
It’s been an exciting time for me personally, both in
terms of coming to grips with running this wonderfully organic
thing called “my own business”, to marvelling each
day at how business seems to materialise for a one-man show,
in the face of huge corporate competition. It is reassuring
to know that a solitary mortgage originator, with no contractual
ties to real estate companies, can secure bonds totalling R120
million in a twelve month period. A big “thank you”
to all my clients who have entrusted me with their mortgage
requirements.
Gary Peterson
The Bond Man
gary@bondman.co.za
| www.bondman.co.za
THE
MIRACLE OF COMPOUND INTEREST
I invite you to play around with the new Bond
Calculator on my website, which allows you to input a few
variables to determine, for example, how a voluntary increase
in your monthly repayment can significantly shorten the term
of your bond. Conversely, it will also show how increasing your
bond will affect your repayment. Provided you’ve registered
an appropriate “access facility”, you can use the
equity in your property to finance anything: an overseas trip,
a renovation of your home or simply to take advantage of whatever
investment opportunities may arise.
With interest rates at a 30-year low, you
may be surprised at how affordable it is to unlock the wealth
in your home.
- Interest is charged only when you use the funds and you
have the flexibility to repay the amount you’ve used
at any time, with no pre-payment penalty.
- You can’t “put your home loan to work”
unless you’ve actually registered an appropriate access
facility. It makes sense to use the free services of a mortgage
originator to arrange this and take the hassle out of dealing
with the banks.
Please call or email me
to discuss your requirements.
Special giveaway
Clients who register an access facility as a result of
this newsletter will receive a stunning, limited-edition
pen, with compliments of The Bond Man. |
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Freeing up the wealth in your property can be cheaper
than you think. Accessing an extra R100 000 from your
bond will add as little as R870 to your monthly repayment.
You can use the funds for whatever you wish - and enjoy
the flexibility of repaying either the minimum monthly
requirement, or in lump-sums, with no pre-payment penalty.
for more information.
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 Take
a look at the new
amortisation calculator
on The Bond Man's website.
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