The ooba Bond Indicator is a 100% paperless, online, self-service ‘prequalification’
Knowing that the first point of entry into a Buyer’s journey is affordability, ooba looked at the factors surrounding the affordability calculators. These calculators provide a high-level of affordability indication, but they do not take the Buyer’s credit score or income and expenditure information into consideration, which is what a bank does when assessing an individual’s ability to repay their loan.
More and more Buyers are seeking this higher level of prequalification certainty in order to establish a realistic price ceiling. Up until now ooba has only offered this service telephonically, and thus in effect it did not cater for the ‘immediate gratification’ factor that a millennial seeks from an affordability tool.
The new ooba Bond Indicator now addresses this online immediate requirement. This self-service ‘prequalification’ offered free of charge by ooba means that a prospective Buyer can complete the application for a bond indicator in their own time, from the comfort of their home, without having to fax, photocopy, scan or upload documents. From the online registration process a certificate will be issued within a very short turnaround time and it is a more ‘accurate’ affordability indicator since a credit check, income and expenditure analysis is conducted prior to a certificate being issued.
Know your purchasing power with ooba bond indicator!!