Do you know that in a 20-year bond, you pay off your principal loan in 9 years?

When most people get their first bond, they are so excited about the easy repayment terms that they forget that they have to pay the same amount every month for 20 years, making a total of 240 months.

But more importantly they do not realise that in those 20 years they will pay more than double the bond they obtain.

Some might even experience hard times like when they lose their jobs and end up losing their homes when they fail to repay their bonds.

What most people are not aware of is that if you lose your house after nine years, you have practically paid off your principal loan. But you still owe the bank the interest.

Yes, that’s a fact. In a 20-year bond, your interest alone is the equivalent of years’ repayments.

But you can save thousands and even millions by simply paying a little extra each month, without even stretching your budget.

That little extra can save your home from repossession when you fall into hard times as it can act as an advance payment, but more importantly it will allow you to pay off your bond in a much shorter period saving up to half the interest if you maintain the payments.

It is really that simple and our book: How to buy a house for half the price shows you these easy steps and how you can really pay half the total amount that you were required to pay.

This is what Phindile Kunene, editor of the COSATU magazine, Shop Steward, said in her review the book:  "How to buy a house for half the price is a must read for all South Africans, especially those who fall outside the state low cost housing subsidy net. It is an important and timely book given the demand for housing amongst young black South Africans who either resort to buying homes through finance capital or to renting town house complexes in the country's suburbs.

"This book is an empowering tool for those currently facing the might of finance capital. It can teach you how to play the game to your benefit; how to beat the banks at their own game and how to maximise the gains out of a situation that is not designed to favour you. This alone, makes the book a good read."

The book is available from Amazon as a kindle book which you can download onto your computer or smartphone or as a hard copy from Kalahari.