ABSA is a well known South African Bank and is one of the largest when it comes to bonds. Absa has a few mortgage products, structured to fit every conceivable budget.  They is probably best known for their MultiPlan option and for the wide range of options for lower-income home owners. So, what does Absa have to offer? Let’s look at Absa’s core home loan option, the Absa Home Loan; MyHome, a mortgage option pointed at first-time and low-income buyers; and home loan add-ons and special features.   Absa also offers building loans to provide for the needs of the growing number of small businesses in South Africa, as well as a buy-to-let product for aspirant landlords. The great thing about the main Absa Home Loans is that it is flexible and can be customised to suit varying requirements. MyHome has been designed in such a way that it really isn’t a home loan package at all; it is a home-building block that can be attaches with multiple add-on options and features in the same way you’d use a little black dress to create a wardrobe of various clothes for every occasion.  The advantages that you get with the Absa bond is that you can assign your repayments by selecting your preferred term and choosing which interest rate you’d prefer, flexible or variable.  This is great to have such a benefit with the current economic climate we live in. Transactions are made quick and effortless with electronic transfers and due-debit orders.  The MyHome home loan option is for everyone who earns less than $750 a month. You can even get this product without having a formal proof of income and the TartetSave product will help you working towards overcoming this obstacle.  Absa also offers insurance options to insurance your home when getting this option.    When you apply for a bond, you have to make sure that the loan will fit your budget and needs. You can automatically enlarge your mortgage repayments when you choose the Fast Forward option that ABSA offers. Your house is probably your most secure and most important investment; it’s in your best benefit to pay it off as soon as you can.  If you need money then FlexiReserve is the way to go. With this you will be able to withdraw cash in your mortgage account when you need it.  You can do this easily. The FurtherAdvance allows you to register a higher amount on your home loan up front, even before you need it, so that you have access to that virtual loan if and when you do need it.  This option will let you save thousands in the long run as your house will be worth that increase.  You can arrange your home loan account into separate accounts with different interest rates, terms, etc with the Multiplan product from Absa.