Does a 0.25% discount in the interest rate that you are paying on your home loan really make that much of a difference? “For first-time buyers – where affordability can be a challenge – or for seasoned home owners, that answer is yes,” says Kay Geldenhuys, Head of Sales Fulfilment at ooba. “A 0.25% reduction in the rate on a R1 million home loan can save the buyer almost R40 000 over 20 years.”
Of course, using a bond originator such as ooba to source multiple quotes from banks will make comparing the best rates that much easier. You’ll be able to compare interest rates and terms, and choose the best deal.
Banks compete for your business, and you can use this to your advantage. ooba is successfully securing approval for almost 80% of the bond applications we submit to the banks, while ensuring our clients get the best possible interest rates on their loans.