Article summary: Bond applicants do not get preferential treatment by going direct, as banks are governed by the National Credit Act and lending is regulated.…
News
7 Reasons why owning a property is better than renting
Key takeaways There are distinct advantages to owning your own home as opposed to renting someone else’s Owning is beneficial from both a financial and…
The true cost of buying a house
Wouldn’t it be lovely if the price tag on your new home was all you had to pay? In reality, there are several hidden and…
How to clear your credit record before applying for a bond
A credit report reflects your financial health: what you spend your income on, whether you can afford the debt you have, and whether any lender…
The Advantage of a Deposit
38% of bank approvals are currently subject to a lower offer – there is therefore an increasing need for homebuyers to have a deposit available…
Gaining Access to your Bond
An access bond is a home loan that allows borrowers to pay additional funds into their home loan account, over-and-above the required monthly bond instalment,…
Getting it right, first time
An O-YES Consultant takes pride in his/her professionalism and would never prejudice service delivery to the homebuyer, lead provider or the banks by submitting an…
Building Loans
Understanding shortfall A shortfall occurs when a Building Bond is registered for a lesser amount than that of the builder’s contract / tender amount. In…
Five Clever Tricks To Reduce Your Home Loan
Homeowners can reduce the term of their homeloan and the total that they pay in with careful budgeting and clever tricks. A house is usually…
Your bond has been approved. What happens now?
You’ve found your dream home, made an offer, it’s been accepted and your bond has been approved. It’s all extremely exciting, but there’s still a…
Deposit or 100% bond?
There are many benefits to putting down a deposit for your first home, but in today’s tough economic climate, it may be more realistic to…
House hunting? A pre-qualification certificate says you are serious about committing to your dream home
Prospective home buyers who obtain a prequalification certificate are doing so much more than just finding out how much they can afford to spend on…
Clear Credit Record Necessary when Applying for a Bond
According to the Credit Bureau Monitor’s 2010 4th quarter report only 53.3% (9.90 million) of the 18.51 million credit-active consumers in South Africa were classified…
What is a good credit score if you want to buy a house?
If you want to know what your chances are of securing a home loan you’ll want to know what is a good credit score in…
You’re looking to buy a home. What is the lending policy of banks?
Here’s what you need to know about the lending policy of banks. Article summary Looking to buy a home? Find out what the lending policy…
Bond cancellation fees and how to avoid paying them
The 90 days’ written notice only represents intent to settle. It does not mean that the bond will be cancelled 90 days from the date…
The first-time home buyers’ introduction to bond registration
From signing the offer to purchase to the payment of your home loan, ooba’s easy guide takes you through the process of registering your bond…