Buying your first home is one of the most momentous milestones in your life. But, as exciting as the prospect of becoming a homeowner is, there are a lot of things to consider, not least getting a bond in place so you can finance your dream home.
South Africa’s largest mortgage originator boasts a number of affordability testing tools, including the ooba Bond Indicator, an online pre-qualification service offered free of charge that now includes credit and income and expense analyses for enhanced accuracy.
Together with these tools, use this step-by-step guide especially designed to help first-time buyers get onto the property ladder.
Before you buy
- How to clear your credit record before applying for a bond
- How to buy a house with the help of property websites
- 10 reasons why you should use a real estate agent
- 10 tips for getting ahead of the house hunting pack
- How to evaluate schools when buying a new home
You’ve found your dream home
- The true cost of buying a house
- A bond originator’s guide to getting bond approval
- How to apply for a joint bond if you’re unmarried
- How to get a 100% bond – no deposit required
- ooba’s guide to getting a bond for the self-employed
- How to get a home loan if your bank declined your application
What happens next?
- Your bond has been registered. What happens next?
- The ins and outs of building loans
- Why access bonds are excellent savings vehicles
- Five ways to pay off your bond ahead of time
- Smart renovations that increase the value of your home
South Africa’s leading bond originator offers a range of home loan calculators to help people looking to buy a home determine what they can afford. Click here to access ooba’s free, online prequalification tool, the ooba Bond Indicator. Then, when you’re ready, you can get prequalified or apply for a home loan with ooba.