With the recent sharp increase in property values your current home could be a pot of gold.

Property prices have increase about 20% - 30% over the past year but according to economists this current boom will not continue or much longer despite recent changes in property taxes announced in the budget speech.

Home Loan investments

You could get a health profit by selling your home at this time while the property market is hot, but remember you'll need to spend about the same for a home of similar size and in a similar location.

There is another way to access that pot of gold your house currently sits on. You can unlock the value of your property by staying right where you are.

You, as a property owner, can have your property revalued and apply for a further advance on your home loan of up to 100 percent of the new value of the property.

Advancements on your Home Loan

So for example, your home was initially valued at R250 000 and your home loan at the time was R250 000 and your property has since be revalued to be worth R500 000 - you will be entitled an extra R250 000 on your home loan.

It doesn't matter whether you want to use the equity in your home to make an investment or to splurge on consumer goods banks generally lend subject to the normal credit criteria: whether you can afford the monthly repayments.

Click here for more SA Home Loan information

Bank Home Loan Credit Rates
Have you ever been frustrated by your bank? Do you want a bank home loan but feel like you have no way to even start thinking about getting one? Look no further.In order to get a good bank home loan credit rate, you need to have one thing and one thi...

Home Equity Loan
A home equity loan or a home equity line of credit allows you to borrow money, using your home as collateral. Collateral is property that you pledges as a guarantee to the creditor (e.g. a bank) that you will repay the debt. For example, a consumer m...

Refinance Home Loan: Never Refinance Your Home Loan With a Bank
If you are in the process of refinancing your home loan with your bank, you will overpay for your new loan no matter where you bank. There are pros and cons with any type of mortgage lender and if you arent careful you will pay too much. Here are s...

Many Home Owners Borrow This Loan For Home Improvements
Many home owners borrow this loan for home improvements. The improvements will augment the value of your home and for most people this is their biggest asset.Before you take a loan first consider the financial implication of a monthly payment and...

Home Loan Interest Rates vs. Mortgage Interest Rates
If you are interested in buying a home, you do have options. Many people opt to get a mortgage, but did you know, your bank may also offer home loans?Take into consideration the debate between home loan interest rates vs. mortgage interest rates befo...

Home Equity Loan Interest - Understanding Tax Deductibility for 2nd Mortgage Loans
Home equity loans (second mortgages) and equity lines of credit (HELOCs) are popular ways for homeowners to consolidate debts or to make home improvements on their primary residences, especially if they don't want to refinance because their first mor...

Getting a Home Improvement Loan: What Your Bank Needs
The popularity of stores like Home Depot and Lowe's show how many homeowners are jumping on the home improvement bandwagon. Maybe you're thinking of redoing part of your house as well. Perhaps you want the kitchen of your dreams or an extra bathroo...

Best Home Equity Loan Rates
With hundreds of companies, banks, and other financial institutions flooding our country, it has become extremely difficult to find the best home equity loan rates. Hence, research and knowledge-gathering are required before taking out a home equity ...

Help With An Online Home Improvement Loan
Should you happen to be one of the countless thousands of people yearly that realize that their home is in need of dire repairs, then you may want to consider an online home improvement loan. This is a great way to get the funds that you may need to ...

Home Repairs With A Home Improvement Loan
Often people face the reality of owning their own homes simply by the need for costly upgrades or repairs, when you run into this problem why not consider a home improvement loan? There are actually many things that can go wrong with a home that may ...