Make your home loan work for you

(Neesa Moodley-Isaacs)- Taking out a mortgage bond to buy a home is considered “good debt” as you are buying an asset that will appreciate in value.

There are several things you can do to make sure you make your money work for you and get the most benefit out of your home loan.

Nico Louis-Minnie, the head of investments at Liberty, says if you are in your early twenties you should think about saving as much as possible from your first pay cheque until you purchase your first home so that you have a significant deposit. “Don’t use the deposit to buy a more expensive home, but rather to reduce your monthly repayments,” he says. Read more here…