Life insurance is strongly recommended. In the event that you are unable to continue payments of the home loan, due to unforeseen circumstances such as disability and death, the bond will then be covered by the life insurance policy.
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Buying a home is a significant financial commitment, and if you have enough funds to pay in cash, the idea of owning your property outright might be tempting.
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When considering purchasing a home, it’s essential to understand how interest rates will impact your monthly expenses. For homeowners, this can be especially important, as interest rates affect not only home loans but also all other forms of credit, such as car financing and credit cards.
Whether you're a buyer, seller, or investor, having a clear understanding of average house prices in Namibia is key to making informed decisions. Let’s explore the factors influencing property prices, the importance of data and analytics in evaluating market trends, and how regional variations and long-term trends shape the market.
How to pay off your home loan faster - simple strategies for big savings
04 Sep 2024
You have done the hard work and become a homeowner, now the task of repaying your home loan lies ahead - and while it might feel like a long and daunting journey, it doesn’t have to! With a few smart strategies, you can reduce your home loan term and save money on interest.
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