HOMEOWNERS: Your bond may be the key to survival
By Sitha Maliwa:
(Image: Creazilla)
As National Savings Month draws to a close, the numbers don’t lie: South Africans are under siege. Skyrocketing food prices, fuel hikes, power instability - it’s a slow grind, and it’s eating into every budget. For many households, the question isn’t how to save - it’s how to survive.
But right now, quietly and without fanfare, thousands of homeowners may be sitting on one of the most underused financial tools available: the funds tucked away inside their home loans.
It’s called access funds - money that becomes available through overpayments on a home loan - and it could be a critical buffer in times like these.
“A home loan is more than debt. When used wisely, it becomes an incredibly useful tool to support your broader finan...