ITS MY HOUSE: Managing your home loan as interest rates spike

Loading player...
GUEST – Corne Welman, Franchise Principal and Certified Financial Planner at Consult by Momentum Points:

Be aware of an upward move in the interest rate, having an impact on your cash-flow if the interest rate rises as little as 1%, it increases your home loan rate (the interest rate paid on your home loan), which increases your monthly home loan repayments and this could put financial pressure on you. before you buy, you need to take into account that the interest rate could rise significantly over time.
2 May 2023 5PM English South Africa Business News · Investing

Other recent episodes

Kaya Biz: Budget 2026 under the microscope - Part 2

Kaya Biz brings you a comprehensive post-Budget 2026 special, featuring an in-depth, one-on-one conversation with Finance Minister Enoch Godongwana following his address in Cape Town. In what is being described as a notably optimistic fiscal package, Budget 2026 delivers inflation-linked adjustments to personal income tax brackets and medical tax credits…
25 Feb 3PM 51 min

Budget 2026 under the microscope - Part 1

Kaya Biz brings you a comprehensive post-Budget 2026 special, featuring an in-depth, one-on-one conversation with Finance Minister Enoch Godongwana following his address in Cape Town. In what is being described as a notably optimistic fiscal package, Budget 2026 delivers inflation-linked adjustments to personal income tax brackets and medical tax credits…
25 Feb 3PM 22 min

TECH & INNOVATION: Top social media trends to watch in 2026

Social media continues to evolve at lightning speed, reshaping how brands connect with audiences. As we navigate through 2026, the landscape is being defined by emotional storytelling, authentic connections and a strategic balance between human creativity and AI-powered innovation. The numbers paint a compelling picture: South Africa is home to…
24 Feb 3PM 10 min

SAT - Celebrating 20 Years of Connecting Africa to the World

What began as a strategic initiative by South African Tourism has grown into one of the continent’s most influential business events platforms. Meetings Africa was created to position Africa not just as a leisure destination, but as a serious global player in the meetings, incentives, conferences and exhibitions — or…
24 Feb 3PM 21 min

Salaries rise in January ahead of National Budget relief expectations

With the 2026 National Budget looming, South African salary earners are hoping that modest wage growth will finally translate into real financial relief rather than being absorbed by inflation and tax pressures. While recent data shows nominal salary increases, real wages remain under pressure, reflecting the broader tension between economic…
24 Feb 3PM 16 min