them to apply to all the banks and assist with the negotiation of your term and interest rate .
• Don ’ t be afraid to negotiate and send the proposal back if you are unhappy . We often get better interest rates and terms simply by asking !
9
Register the Bond at or Above Market Value Before you accept the bank ’ s final financing offer or grant , request that the bond amount registered be higher .
• This makes it easier and more affordable to refinance and apply for that amount in the future .
• It does not mean you can access those funds immediately , but you can access them in the future when you refinance without having to register a second bond .
10
Refinance to Market Value as soon as you can You can refinance the property you purchased to its new market value in the future .
• Do this as soon as possible . Even if you do not need those funds now , you can park it in your access or flexi bond where you do not pay interest and where it is accessible for future use .
• You may even use these funds to purchase your next property if you are in a healthy financial position .
And there you have it ! With these tips from a property investment expert in your pocket , you ’ re sure to make a success of your first property investment .
SA Real Estate Investor Magazine FEB 2022 29