Good Time For Home Loan Approval
Category Durban Property Market
At Wakefields’ three-day sales conference and annual awards function held at Champagne Sports Resort in the Drakensberg , Rhys Dyer, CEO of ooba Home Loan Originators, made a number of telling comments regarding property and bond finance.
Ooba has reported a record approval rate this April, with nearly eight out of every ten loans it has submitted to banks, having been approved. Dyer believes there’s no better time to enter the property market: “We’re seeing an increasingly competitive home loan market emerging, with lower interest rates and higher approval rates among banks as they compete for new home loan business. The importance of shopping around for your new home loan can’t be understated,” says Dyer, “as evidenced by ooba’s record approval rate across our extended panel of nine banks.”
Ooba’s 78 percent approval rate in April certainly bodes well for prospective homeowners.
Author: Anne Schauffer
