Tag: ooba Home Loans
Lobola, marriage and homeownership – navigating the implications
In many African cultures, the conclusion of lobola negotiations marks a major milestone. It symbolises the formal union of two families. While this deeply rooted tradition is widely embraced, fewer people understand its impact on homeownership.
Things you need to know before you start a property search
Against all odds, 2024 is still believed to be the year of the first-time homebuyer resurgence. And while it’s a slow climb to the top, a combination of low house prices, competitive bank interest rates and impending rate cuts has many aspiring homebuyers hungry to get into the property game.
Unpacking the Pros and cons of joint home loans
The journey to joint home ownership can be an exciting one and may improve your chances of being approved for a home loan. However, whether you are financing a home as a couple (married or unmarried), as business partners or even as friends, a home loan is a serious and long-term financial commitment.
Ways to achieve preferential interest rates on a home loan
Despite economic turbulence in South Africa, the repo rate has remained two basis points lower than it was before the pandemic’s onset in March 2020. This, combined with high approval rates amongst the banks, has created favourable home loan lending conditions for buyers.
Applying for a home loan? Here’s what the banks are looking...
Applying for a home loan is the most important step on the home buying journey, but many first-time applicants are in the dark about what the banks – the institutions with the power to approve these home loans are looking for. The process is relatively straightforward, provided you have all your financial affairs in order.