Home Property Secure your home this Easter with SBS
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Secure your home this Easter with SBS

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A mortgage readvance allows you to access additional funds and this will help you to significantly enhance your home’s protection as we approach the Easter holidays.
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As the Easter holidays approach, many families are preparing for church services, visits to loved ones and well-deserved moments of rest and leisure.

While this is a joyful and spiritually uplifting season, it can also be a time when homes are left unoccupied for extended periods. Unfortunately, unattended homes may become vulnerable to theft and other security risks.

One practical and convenient way to strengthen your home security is by installing surveillance cameras and other protective measures.

Security improvements are not just an expense; they are an investment in your family’s safety and long-term financial well-being.

Swaziland Building Society (SBS) advises customers to consider a mortgage re-advance for added protection.

“If you already have a mortgage loan, you may not need to apply for a completely new loan to finance these improvements. A readvance on your existing mortgage could be the smart solution,” says Phindokuhle Dlamini, Senior Mortgages Officer.

What is Mortgage Readvance?

A mortgage readvance allows you to access additional funds against the equity you have already built up in your property. Instead of starting a new loan application process from scratch, you can apply to increase your existing mortgage facility, subject to approval and affordability assessments.

This option is often more convenient and cost-effective than unsecured borrowing, as mortgage facilities generally offer competitive interest rates and structured repayment terms.

Why consider readvance for security upgrades?

Dlamini says installing security cameras, alarm systems, motion sensors and improved outdoor lighting can significantly enhance your home’s protection.

“Modern surveillance systems even allow you to monitor your property remotely from your mobile phone, giving you peace of mind while attending Easter church services or travelling with family,” she adds.

“By using a mortgage readvance to finance these upgrades, you can protect one of your most valuable assets — your home, gain peace of mind while away, spread the cost over manageable repayments and potentially increase the overall value and appeal of your property.”

If you are considering installing cameras or upgrading your home security system, speak to SBS mortgage consultants about the possibility of a re advance.

The team is ready to guide you through the process and assess the option that best suits your financial situation.

Travel with confidence this Easter. Secure your home, protect your investment and enjoy the season with peace of mind!

 

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Written by
Mthobisi Buthelezi

Mthobisi Buthelezi - Sections and Supplements Editor with the Times of Eswatini overseeing the publishing and content for the Motoring on Thursday, Property on Saturday, Tekulima (Farming) on Wednesday and Business Opportunities on Monday. Contact: 7936 3694 Email: mthobisib@times.co.sz

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