JILL FISH PROPERTIES
Property to Rent in East London

Buying your first property is a process that can be fraught with confusion. Take a long, hard look at your lifestyle and make a list of the factors that will suit your needs. If you travel a lot, don't buy a house with a big garden that requires lots of maintenance. If you're going to be living alone, buy a smaller apartment in a better area. If you're thinking of getting married and having kids in the next few years, buy an affordable house with an extra room, rather than an expensive apartment in the heart of the city. Each bank has its own specific set of lending criteria. To improve your chances of getting your home loan approved in time, and of getting the best interest rate, submit your application to as many banks as possible at the same time. The latest ooba statistics show that 28.7% of ooba's applications that were declined by one bank were approved by another. Getting a home loan approved involves lots of paperwork, some of which can be very confusing. It gets even more complicated if you take the advice above and apply to more than one bank. Because of this, it's a good idea to use the services of an expert originator, like ooba, to submit your application to multiple banks. Comparative financials covering a trading or working period of the latest two years, To increase your chances of having your home loan approved, Viljoen advises that you do the same things that any prospective home buyer does to ensure their financial affairs are in order. If there are any judgements against your name, it is possible in some cases to rehabilitate your record, so get expert advice on how to do this. And finally, Viljoen adds that saving up for a deposit will provide an enormous boost to your bond approval chances, indicating that you are financially responsible, have the funds to put towards the house and making the home loan a less risky proposition for the bank.