Whether you’re selling your property, or you’re about to make your final bond payment, it’s important to follow the right steps in the process.
Settling your home loan
If you’re selling your property, or you’ll soon be making your final home loan repayment, follow these steps to settle your bond.
1. Sell your property
Remember that we need 90 days’ notice to cancel your home loan.
2. Pay off your loan
Once your loan is settled, have an attorney instruct us to cancel your loan and return your property’s title deed to you.
3. Cancel your home loan
This ensures that you’ll no longer be charged for any home loan fees or interest on unpaid fees, or for your home insurance with us.
4. Stay insured
If your home is insured with us, cancelling your home loan means cancelling your insurance.