Caution is the name of the game for homeowners

By IOL Reporter | Published Aug 19, 2021

Although interest rates are low, other living expenses are going up, so ensure you can afford what you commit yourself toLow-interest rates have been a treat for homeowners – and aspiring owners – but don’t assume they will last. They are not the new normal. Geoffrey Lee, Absa’s managing executive for home loans, says when people do this, the effect of the reductions will be largely used up.