Home loan

[Boitumelo]

Hello @Taki-Tshidada,

Please note that you can trade your bond for new one or borrow from your bond, and below is how this works:

-  Borrow all or part of your home loan amount again, after you have repaid a portion of it; or access the funds that you have registered for future use. You won't need to register another bond.

-  Apply for an additional bond on your property to get more funds. You could use the extra funds to increase your property's value by doing alterations or additions, or you could also use these funds for personal use.

You can also query this with your bond attorneys to advise in regards to how this process can be articulated.

Regards,

Boitumelo

[Taki-Tshidada]

I have a bond I have relocated now I need a new house se in another town. Can I do a trade in. I have found the house I want but in order to get it I need to not have the other bond