Property Speaking | Banks offering loan deals that have you paying the interest first - here's what you need to know
Banks are now apparently offering loan deals where you pay the interest first before starting the capital reduction. In South Africa, a few financial institutions offer "interest-only" or reduced-payment periods. During this time, your monthly instalments cover only the interest, giving you lower payments so you can free up cash flow. Mpho Molefe and Jones Netshipise are joined by Broker and Owner of Remax, Phillip Schoeman to talk about this.
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.