My boyfriend and I want to buy a house together. I already own a home and have almost paid off my bond in full after three years. Will this benefit us in the interest rate we receive when applying for the new loan?

Eleanor Van Der Merwe, ooba regional sales manager, answers:

Your excellent track record of repayment of your existing bond will certainly have a positive effect on your new application. The interest rate charged is always based on the banks’ risk assessment which takes into account your credit track record and affordability. To get the best results out of the credit scoring on a joint application, it is advisable for the highest earner to be the primary applicant because, as mentioned, the credit scoring can influence the interest rate offered.