Appeals process yields great rewards

The purchase price for this deal was R940 000 and the buyer wanted a 100% loan. The ooba team submitted the application to all four major banks but none of them was prepared to offer 100% LTV and the interest rates were all at least 1% above prime. The ooba team then appealed the decision not once, but twice, with the bank that had offered the highest LTV. Their efforts were well rewarded with, not only a 100% loan, but a sub-prime rate as well!