About Us
Reality Fund helps homeowners free themselves from the burden of debt and the stress of unexpected expenses by offering bond consolidation on your home loan.
Why you need to consider consolidation of your debt into your bond?
A larger bond at a lower interest rate that reduces short-term debt at a higher interest rate can amount to considerable monthly cash savings.
Bond Consolidation assists creditworthy homeowners. By using the available equity in the property, homeowners can benefit from early settlement discounts to settle all debt, considerably improving your monthly cash flow as a result. As a bonus, your credit score will improve substantially from this type of consolidation.
Pay more in less time.
A Reality Bond allows you to avoid re-paying extra purchases over the same 20 or 30 year periods as mortgage bonds. This will achieve optimum cash savings when paying Prime interest, as opposed to paying up to 30% for short-term loans such as those for education, home alterations, cars or furniture.
Although a bigger bond does not require the extension of re-payment periods, mortgage holders need to be aware of the risks associated with creating one bond for all their debt. The best way to avoid being trapped into a large bond is to make every effort to maximise monthly re-payments. This will soon reflect in a sharp reduction of interest escalating on a larger bond.
Short-term interest is high
The comparatively low interest of mortgage loans has become one of the most common motivators to finance essential tertiary education and cars – the reason being that credit such as short-term credit to finance of these expenses at high-interest rates can be crippling to your monthly budget.
An additional benefit of a larger bond is the greater predictability of debt re-payment, achieved by negotiating fixed or variable mortgage lending rates. This will assist in long-term planning to predict whether regular re-payments can become a sustainable option while maintaining good cash flow and sufficient disposable income.
Possibly the most essential factor to remember is to avoid falling into the same spending patterns that created the over-indebtedness in the first place. While mortgage lenders are in the business of lending money, they by no means advocate the use of long-term debt to finance non-essential consumer purchases.
Short-term interest is high
The comparatively low interest of mortgage loans has become one of the most common motivators to finance essential tertiary education and cars – the reason being that credit such as short-term credit to finance of these expenses at high-interest rates can be crippling to your monthly budget.
An additional benefit of a larger bond is the greater predictability of debt re-payment, achieved by negotiating fixed or variable mortgage lending rates. This will assist in long-term planning to predict whether regular re-payments can become a sustainable option while maintaining good cash flow and sufficient disposable income.
Possibly the most essential factor to remember is to avoid falling into the same spending patterns that created the over-indebtedness in the first place. While mortgage lenders are in the business of lending money, they by no means advocate the use of long-term debt to finance non-essential consumer purchases.