This means that you can still access the R250 000 of additional funds you have paid in. Keep in mind that access to the R250 000 will reduce in line with the term of the loan so that it is zero by the time your home loan agreement comes to an end.
If you are cancelling the bond, your attorney will work with the bank to return your title deed to you. Attorney fees will apply. I was advised that this was because the monthly amount of R14 000 puts me in a different salary bracket. Does this not mean that I am being taxed twice? This is a common problem that people with multiple incomes experience, and it is due to the different tax brackets. South Africa has a progressive tax system in which, the more you earn, the higher the percentage of tax you pay.