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What is a joint home loan?

A joint bond is a bond guaranteed by two or more parties.

  • Co-owners share expenses and admin.
  • Co-owners all have to agree on any decisions regarding the property.
  • The drawing of the co-ownership contract is an essential step in the process.

It’s a popular option for business partners, families, and unmarried couples.

Here are some of the benefits of joint bonds:

  • It’s a great option for unmarried couples, although it’s important to have the property registered under both names.
  • It’s a great way for first-time homebuyers to get on the property ladder as security for the bond is guaranteed by co-owners.
  • The bank is more likely to approve the bond as the various owners guarantee each others’ share of the bond.

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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.

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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.

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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.

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