@scannon586 Of course out a deposit down . You will earn your return for every R100 you put it it the bond. It will lower your interest and payment period dramatically. Spare change ? Put it in the bond!.
To see this effect in real-time play around with numbers on this website :
https://www.drcalculator.com/mortgage/old/
I showed my business banker this website, as she was buying a house too , and she was blown away at what a quick difference it can make in the first couple of months of a new bond. You will save indefinitely. (This from someone in the banking sector
![Flushed face :flushed: 😳](https://cdn.jsdelivr.net/joypixels/assets/7.0/png/unicode/64/1f633.png)
![Face with open eyes and hand over mouth :face_with_open_eyes_and_hand_over_mouth: 🫢](https://cdn.jsdelivr.net/joypixels/assets/7.0/png/unicode/64/1fae2.png)
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Compound interest is a thing , and at high interest rates , you can make it work for you .
Write a motivational letter to your bank and go direct . Know what you want and ask for it . No reason you can’t get prime less 1% if you got history and bank with them already.
Good luck