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MOVING A MORTGAGE BOND
If you are unhappy with your current mortgage bond and are
looking to either move it from your current bank to another,
or looking to transform it, CKM Home Loans
can make this happen. They are the experts in mortgage bonds
and know everything which is involved in moving a mortgage
bond. Moving a mortgage bond by yourself can be risky but
by having the assistance of CKM Home Loans
by your side, this can be done quickly and affordably.
CKM Home Loans
knows that there are many costs which come along with moving
a mortgage bond and as such will work with each applicant
to ensure that they can afford the transition they are wanting
to be made.
Transfer Costs
As part of the costs involved when it comes to purchasing
a new home or property are the taxes which the Government
levies on property transactions. Theses taxes are referred
to as the transfer duty and is paid out when you buy a property
and it is in turn transferred into your name. When buying
a piece of vacant land, transfer duties are paid on the value
of the land only. If you buy a piece of property with a home
already-built on it, the transfer duty is based on the combined
value of the land and building.
Transfer costs are charged on sliding scale and depends on
the price of the unique piece of property; the more expensive
the property is, the higher the transfer costs will be.
As such for individual home buyers the scale is as follows:
- Property Value and Costs
- Below R 500 000.00 - no transfer duty.
- Between R 500 001.00 and 1 Million - A flat Rate of
R 25 000.00
- Over 1 Million - R 25 000.00 + 8%
- Companies/Trusts/CC - Pay a flat rate of 10%.
- Example:
- Your purchase a House for 1.2 Million. You will pay
R 25 000.00 for the first Million and 8% on R 200 000.00.
Mortgage Bond Calculators
In order to essentially discover what you afford in a mortgage bond, bond calculators can be utilised. These mortgage bond calculators are easy to use and provide property loan applicants with a good average on what they can expect to pay for the mortgage bond they need. Mortgage bond calculators are available by clicking on the following links:
So, whether it is a new home loan, a change in home loan,
or a home loan extension that you need, CKM Home Loans
can assist you through the entire process. They offer a free
service. Apply online for their outstanding services by Clicking Here
, and one of their consultants will get back to you
to take you step by step through your mortgage bond application.
They are so great they will even fill the application form
out for you!
You can trust CKM Home Loans
because they know the business of mortgage bonds.
Intoweb Design is a website design company independently
creating business for CKM Home Loans via an affiliate marketing campaign, The information
on this page describes the services CKM Home Loans renders to the marketplace which was created by independent
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