When will the first home loan installment be deducted?

Author

MyProperty

The first payment on your home loan usually will be deducted on the first day of the month following the month of registration.

When signing your bond documents the bank's attorney should be able to tell you when the first payment will be debited from your account.

Bonus TipTo ensure you are ready for the first couple of months of home ownership, we advise that you start living like you already repaying a bond and saving money to cover any unforeseen costs before you buy a home

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