Offer to purchase question

Question: Can you use more than one home loan originator at once? (like Ooba). Obviously, they all contact the same banks but I'm wondering if they can negotiate better deals? The estate agent is recommending someone and friends have had good things to say with Ooba.
 
Brawler said:
Question: Can you use more than one home loan originator at once? (like Ooba). Obviously, they all contact the same banks but I'm wondering if they can negotiate better deals? The estate agent is recommending someone and friends have had good things to say with Ooba.
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I wouldn't do this. Having multiple applications on your name at the same bank will most likely only cause issues.
 
FNB have approved in principle the amount of Rxxxx at a rate of 6.30% and as I am banking with FNB the rate on registration will be 6.05% which is a discount of 0.95% below prime.

Decent ?
 
That sounds pretty good.

Wait for all other offers before making a final call. And ask the other banks to beat the FNB offer if it is the lowest.
 
APoc184 said:
That sounds pretty good.

Wait for all other offers before making a final call. And ask the other banks to beat the FNB offer if it is the lowest.
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Thanks.
Do you mind explaining the two numbers? If it is 6.05 what is the 6.3? It was written wierdly.
 
APoc184 said:
You bank with FNB already.

Which means you get 0.25% discount on the rate because of that.

Was the same with us.
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thanks, thought so.

Bond originator :

"I am working with the other banks to try to obtain a lower interest rate and I will go back to FNB to renegotiate the rate."

Sounds good.
 
Bond Attorneys say the below:
"We are waiting for the proceed from the bank. We are checking everyday and will confirm immediately when we have the go ahead"

Been 10 working days since we signed at the Bond Attorneys.

How long does this usually take?
 
Caldo said:
Have a site visit with the architect tomorrow, so I will take some pics
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How much does it cost to build a house? Out of interest's sake. However I guess that's like asking the length of a string.

But just a general idea.
 
Nate3268 said:
Bond Attorneys say the below:
"We are waiting for the proceed from the bank. We are checking everyday and will confirm immediately when we have the go ahead"

Been 10 working days since we signed at the Bond Attorneys.

How long does this usually take?
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Mine was 6 working days with StdBank
 
Solitude said:
How much does it cost to build a house? Out of interest's sake. However I guess that's like asking the length of a string.

But just a general idea.
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Excluding architect fees, you are looking at R8000 per square meter.
 
Good news for us.

Our JHB property sale is about to lodge. Finally received the rates clearance certificate.
Centurion property is a ball ache at the moment with the PTA deeds office constantly getting Covid cases and closing down.

At least we negotiated an occupation date for 1 August and our move date is the 4th.

I don't mind waiting for the PTA office. At least the move is happening.

10 days to go.
 
Hi myBBers,

Maybe not the right thread for this, but I am looking for more info, or someone, that applied for an additional loan on their existing bond? I am not sure about the ins and out(especially costs) regarding this? My current bond is with FNB.
 
marysms said:
Above was my first post to this thread, I saw a house loved it, put in an offer, got rejected and I was furious.

Everything happens for a reason in life. Its with great sadness to inform you that the house got burnt down to ashed soon after the new buyers moved in. I was devasted when I got the sad news, I was in shock, still in shock and cant imagine what they are going through right now.
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alberton?
 
Tjoker said:
Hi myBBers,

Maybe not the right thread for this, but I am looking for more info, or someone, that applied for an additional loan on their existing bond? I am not sure about the ins and out(especially costs) regarding this? My current bond is with FNB.
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Usually depends on multiple factors, but they would normally start with the credit assessments, the process is usually quick and easy if the required amount would result in the overall loan total is less than or equal to your existing bond. If the overall loan total is above your existing bond then they would assess the property value to see if the additional loan can be covered by property value. In that case when they grant the loan, you will have to pay some legal costs to have a new bond amount register/attached to your title deed.

Its always advisable to register a bond amount greater than your current bond if you anticipate that you might require a building loan in future.
 
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