How does ooba work

One of the best ways to achieve that is by getting prequalified, so you can enter the house hunting process with a concrete idea of what you can realistically afford. Your income and expenses will play one of the biggest roles in determining your chance of home loan approval. The bank will compare your monthly income and expenses, and therefore how much money you have left over every month, to the required monthly repayment for the home loan in order to determine your loan affordability.

They will also look at the size of your deposit. The higher your deposit, the less risk there is for the bank, and the better the chance you have of securing your home loan. Your credit score will be a major factor. This is a three-digit number that incorporates information such as your debt repayment history, and effectively tells the bank how much of a risk you are. We find the best home loan. We work with all the leading banks to secure you a home loan. Start your home loan application today Apply online or speak to an expert to help you get started apply online now Speak To An Expert.

We will provide you with multiple quotes to compare. We will help you secure a zero deposit bond if required. Hundreds of thousands of customers trusted us Mazanai Musara Thank you for going the extra mile Thank you so much for the extra work that you put in, negotiating a good interest rate for me, the constant communication and for keeping me up-to-date.

We are so grateful for the exceptional service you have given us, keeping us updated through it all, and your speedy response day or night. Even though we were so indecisive, you went the extra mile to keep us happy without any hesitation. Very rare that you get service like that today.

Thank you once again. Annebe Cooke You simply never gave up Thank you, Charlene Viljoen, for your enthusiasm, communication skills and professional demeanour in helping me obtain a bond for our property. Ayanda Raziya My hope was restored After almost giving up hope with getting home finance, my hope was restored when an ooba consultant assisted me. Got questions? Yes No. By continuing to use this website, you consent to the use of cookies. Got it. Buying property through a company in South Africa.

Your home loan term: Is 20 or 30 years better? Can't find what you are looking for? Search Search. Get home buying tips delivered straight to your inbox. First Name. By continuing to use this website, you consent to the use of cookies.