Ooba George

https://www.houseandgarden.co.za/diy/looking-to-buy-a-house-heres-how-to-take-years-off-your-home-loan-4554de36-b9a4-4c79-a223-c5e0b4180e9e

Looking to buy a house? Here's how to take years off your home loan Expert Alan Rubin, the ooba Home Loans’ Chief Operating Officer shares insights on keeping your home loan under control

Ways to prepare your home for the future.🔥

Preparing your home for the future is a smart investment that can save you time, money, and headaches. One way to do this is by incorporating smart home technology, such as automated lighting and temperature control, into your living space.

You can also future-proof your home by upgrading to energy-efficient appliances and installing renewable energy sources, like solar panels.

Additionally, making sure your home is well-insulated and weatherproofed can help lower your energy bills and improve your home's overall comfort.

Get in touch with us if you would like a further loan - [email protected] or 044 874 3516

Contact us for all your homeloan (and Solar Financing) needs.
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The Coast is still the place to Buy!

Bad news for home loans in South Africa MyProperty has published its most recent Home Loan Report for October 2022 showing the average interest rate as well as its effect on buyers in South Africa – especially those who are looking for homes for the first time.

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Contact Us 044 874 3516 or 044 874 6464.

Appetite for home loans remains robust - Property Professional Statistics for the third quarter of 2022 (Q3 ’22) reveal that competition for home loans remains vigorous among home loan lenders.

Finance your

Remember the ooba Rewards will now be paid directly to your account.

Good news is welcome news.

Contact us should you have any further questions.
044 874 6464 / 044 874 3516

We are still operating during lockdown, so if you would like expert advice, speak to an experienced and professional home loan consultant today! 044 874 6464 / 044 874 3516

Trust that you all are healthy and safe - we are here for you - always !

Keep in mind that just because you can’t go out and physically house hunt during lockdown, you can still do it virtually.

✅ Before house hunting and applying for a bond, know how much you can afford first so that you can put in an offer with confidence that it is within your limit.

✅ By getting pre-qualified, it will speed up the process of applying for a bond. Once you know how much you qualify for, you can look for property according to your budget and family needs.

✅ Also keep in mind if you’d like to remodel, then you will need to have money left over after purchasing so that you can afford to remodel the area you desire.

We are still operating during lockdown, so if you would like expert advice, speak to an experienced and professional home loan consultant today! 044 874 6464 / 044 874 3516

Ooba is more than likely to secure you a bond than your bank and here is how:

✅We will help you complete one application form which can be submitted to all banks.
✅We will apply to multiple banks including your own with only one application.
✅We will provide you with multiple quotes to compare.
✅We will negotiate rates & terms where necessary.
✅We will help you secure a zero deposit bond if required.

Get in touch with one of our experts today -
044 874 6464 / 044 874 3516

LOCKDOWN Frequently asked question #1

For those in need of the contact details regarding a payment holiday on their bond.

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Looking to get prequalified? We have some advice for you...

By reducing your credit card payments, you will find yourself on your way to financial freedom!

Here are some ways you can reduce your credit card payments:

Make extra payments on your credit card balance.

Limit new purchases, until your credit card balance is paid in full.

Try not to open any new accounts while you are paying off your credit card.

All of the above makes the pre-qualification process so much easier and it will give you an excellent credit score!

If you would like to see how much ‘home’ you qualify for, speak to an ooba expert today!
044 874 6464 / 044 874 3516

How many of you have received that letter or notification saying “Congratulations! Your bond has been approved!” ? 🤔

Once your bond has been approved, here are the next steps:

1. Look for an area that you would see yourself driving to everyday.
2. Go to house viewings (They are normally on a Sunday between 3pm-5pm depending)
3. Once you are satisfied with the area and property, put in an offer of an amount that you qualify for, but be realistic.
4. Start the buying process.

If you would like to get pre-approved, speak to an ooba expert today 044 874 6464 / 044 874 3516

Ever wondered what influences property price in South Africa?

Well, for the last 2 years, residential property prices are on the decline, according to one of our major banks. This could be attributed to:

👉Affordability. When the price of housing increases, the demand for it decreases. This means that people are being ‘priced out’ of buying a home. This has affected some upmarket areas, leading to a 5% decrease over the last year.

South Africa is still recovering from a recession, which naturally slows down movement in he market.

The previous election also had a part to play. Even though it will take time for the market to recover, it was market-friendly due to the political uncertainty behind it.

If you would like to know how much ‘house’ you can afford, chat to an ooba expert today! - 044 874 6464 / 044 874 3516

Here is a short explanation of the difference between the two:

Variable interest rate - If the prime interest rates go down in response to market forces, the interest on your home loan goes down with it, and you save money. However keep in mind this could also go in the opposite direction.

Fixed interest rate - You keep paying the same amount of interest, regardless of fluctuations in the market, for an initial agreed period. You will then be able to factor interest rates into your budget with 100% accuracy.

If you would like to speak to an ooba expert regarding home loan advice call us on 044 874 6464 / 044 874 3516

Thinking of investing in property, but don't know where to start? We have a few tips for you… 🏠💰

Tip 1 - Buy-to-let properties give you the option to generate monthly income from property you own by renting it out.

Tip 2 - Consider buying and renovating your property, then selling it for a higher value

Tip 3 - Take note of the property trends in the market for example, sectional titles perform really well in the market for first-time buyers and students.

Tip 4 - Shop around for the best bond to gain a more favorable interest rate.

If you would like to get the best deal on your bond & earn back triple your repayment amount by investing in buy-to-let homes, speak to an ooba specialist today! 044 874 6464 / 044 874 3516

What affects your credit score?

Here are a few factors:

1.Your bill payment history determines 35% of your credit score

2.Your debt level determines 30% of your credit score

3.The age of your credit determines 15% of your credit score

4.The type of credit you have (loans or revolving credit) affects 10% of your credit score.

With a good credit score, you are one step closer to being pre-qualified. For more information, chat to an ooba expert today - 044 874 6464 / 044 874 3519

Negotiating a home loan can be a time-consuming and complicated process and a successful application isn't always guaranteed.

ooba will ensure that you not only stand a much higher chance of having your bond application approved, but you'll get the best deal too!

Our experts will guide you through a step-by-step application process, saving you time, money and putting you and your family first!