We use coffee in the example but it could be something else in your life that can make all the difference to how quickly you can pay your house off. Have a look at your daily spending. Something as small as a cup of coffee on the way to work every day can be used to pay your house off faster.

Let's have a look at an example.  Joe Soap owns a house and his payment breakdown looks a like this:

Joe buys that cup of coffee on his way to work every day and it costs him R10 per day. Let's assume there are 22 working days in a months. So he is spending R220 per month on that coffee. If Joe refrains from that coffee and takes the R220 and adds it to his bond payment, it would do this:

It might not look that impressive but let’s take a closer look at what Joe has done. Just by paying that extra R220 into his bond on a monthly basis he has reduced the term of his loan from 360 months to 271. Just by doing that he has cut more than 7 years off his home loan! On top of that he has saved himself R397 936 in interest over the term of the loan.

Add that on top of a Fast Track Solution and you can pay your house off in next to no time.  Click here if you would like one of our Fast Track Solutions consultants to contact you to see how you can pay your house off quicker.