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Balloon payment on home loan / house purchase?
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<blockquote data-quote="Dolby" data-source="post: 48690" data-attributes="member: 17"><p>Unfortunatley R500,000.00 over 20 years or 30 years is only about R500.00pm difference.</p><p></p><p>Who would it be bad for though? Myself or the bank?</p><p></p><p>The way I see it with this example, is that in 2015 and I can settle the bond early - a nice situation for me <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite2" alt=";)" title="Wink ;)" loading="lazy" data-shortname=";)" /></p></blockquote><p></p>
[QUOTE="Dolby, post: 48690, member: 17"] Unfortunatley R500,000.00 over 20 years or 30 years is only about R500.00pm difference. Who would it be bad for though? Myself or the bank? The way I see it with this example, is that in 2015 and I can settle the bond early - a nice situation for me ;) [/QUOTE]
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Balloon payment on home loan / house purchase?
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