Home Buyers Guide
Buying a home isn’t something you do every day, and it’s important to keep track of key details when purchasing your first property. Download our free Home Buyers Guide. This will walk you through every step of the process.
Home Buyers Guide
Buying a home isn’t something you do every day, and it’s important to keep track of key details when purchasing your first property. Download our free Home Buyers Guide. This will walk you through every step of the process.
further advance
Achieve More with A Further Advance
Maximize your property’s potential with a Further Advance. You can responsibly tap into your home loan to fund renovations, invest in sustainable power or water-saving solutions or address other financial needs. At ooba Bloemfontein, we negotiate competitive rates and flexible terms to make the process seamless.
Flexible Loan amounts
Finance up to 100% of your property’s value. You decide how much you need.
Flexible Loan Terms
Choose a home loan term that fits your budget, with options up to 30 years.
flexible rate options
Choose between fixed or variable rates. Interest rates adjusted to your risk profile.
See How Much You Qualify for Today!
Discover your potential loan amount quickly and easily, and take the first step towards your dream home. Imagine the possibilities of owning your own place! No cost or obligation to find out how much you qualify for. Best of all, this quick assessment & won’t impact your credit score. Get started now and make your homeownership dreams a reality!
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Required Documentation for Your Home Loan Application
Please have the documentation listed below ready when you apply for your home loan. Ensuring that you have all these documents prepared will help avoid delays and enable us to provide you with the fastest response possible. These are the basic required documents, however, banks may request additional documents from time to time.
- A copy of your ID document
- Latest 3 months payslips (for variable income latest 6 months)
- Latest 3 months bank statements
- A copy of the marriage certificate (if married)
- Copies of Rental Agreements (if any rental income is received)
- Latest 3 months bank statements where rental income is paid into (if any)
- A copy of the Offer To Purchase (OTP)
- A completed and signed application form
- A copy of your ID document
- Letter from auditor to confirm personal income
- Latest 6 months personal bank statements
- Latest 2 years comparative financial statements (signed)
- If financials are older than six months, up-to-date signed management accounts
- Personal statement of assets and liabilities
- Your two year IT34 from SARS
- Latest 6 months business bank statements
- A copy of the Offer To Purchase (OTP)
- A completed and signed application form
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Download Our Mobile App
The ooba app is a handy tool for home buyers and real estate agents. It’s free, quick and easy to use. It’s a powerful guide that will give you all the help and information you need to get through the home buying process.
FAQ’s
Frequently Asked Questions
A further advance allows homeowners to borrow additional funds against their existing home loan. This option is typically used for purposes such as home improvements, paying off higher interest debt, or other significant expenses. The additional amount borrowed is added to your existing home loan.
A further advance can be beneficial because it often offers lower interest rates compared to personal loans or credit cards. It allows you to access equity in your property for various needs, such as home renovations or consolidating debt, potentially saving you money on interest over the long term.
Before applying for a further loan, consider the following: the purpose of the loan, the additional monthly repayments, and how it will impact your overall financial situation. Evaluate the current value of your property and any existing debt. Ooba provides comprehensive support by helping you understand these factors and advising you on whether a further loan is the right option for your needs.
To qualify for a further loan, banks will assess factors such as your current home loan balance, the value of your property, your creditworthiness, and your repayment history. Ooba helps by analyzing your financial situation and property value to determine your eligibility. They also guide you through the application process and work to secure favorable terms with your lender.
Speak with a Home Loan Specialist Today
Transform your Home Buying Experience with Insights from a Dedicated Home Loan Specialist!