A building loan is used to finance the construction of a house on vacant land, or to finance renovations on an existing home.
Unlike a home loan; with a building loan the bank pays out the loan in stages, as each stage of the construction process is completed.
When applying for a building loan, ensure that your contractor is a registered member of the NHBRC (National Home Builders Registration Council), and is covered by Contractors All Risk Insurance Cover.
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Ooba home loans services are simply the best. My Consultant Bianca Dancer was so hands on and helpful from the get go. She guided me through the entire process and put me at ease being a first time buyer. I highly recommend their services.
Tia J
Excellent Service
Jay Govender and Maleshini Reddy from OOBA provided outstanding assistance and guidance in securing our home loan. Response times were excellent and they were professional and friendly.
Brice G
Bond Application
Estelle Vorster was really helpful in securing the best deal for my home loan, she not only negotiated a lower interest rate she went as far as securing 50% discount on the transfer costs.
Butana M