Wednesday, 18 June 2008

LOAN WHO? OH You mean OOBALINK!!!!!!!

So now that OOBA has
fully integrated LOANLINK
into the fold -


has been born.

Parent and grandparent - oobaLINK and ooba have established their footprint on the african planet with offspring WIZARD and QUANTRO.

Saul Geffen - oobalink's pappa and Piet de Jongh - oobalink's pappa both firmly agree, this is the force of the future and the others will always be followers. First as Mortgage Originators, first as MO franchiser's, first with the ooba Insurance products and first with the best service offering you can get. Good boys!!!!!!!

Not the DODO but the CROCODILE (By the way did you know that the first known contraceptive was crocodile dung, used by Egyptians in 2000 B. C.[Does this explain Crocodile Dung Dee?]!! )- SURVIVING the MORTGAGE JUNGLE and growing, growing and getting better daily.

Strong mortgage originator brands such as WIZARD are now even stronger under the wings of ooba and the other brand QUANTRO also gets the same kick into life - its great to see.

WIZARD - who are the strongest franchise brand, is run by innovative entrepreneurs and focus 100% on client satisfaction. Like the all the animals in OOBAWORLD, welcome to ooba LIFE!

Friday, 13 June 2008

FNB - The Risk Takers - Go Get them!!

FNB - You guys are really great


we love your risk taking policies

NEDBANK Not Another Sheep - Just dare to be different!

NEDBANK bless your soul - at least you give the guys something to help them with their costs with your 104% deal!

Whats on offer you hotshots!!!

Nedbank you really have been great lately, we hear from clients all the time and they think someone has definitely got their act together. Well done guys. The Mage


STANDARD BANK - The Appetite for RISK!!!!!

So now we know whats on the table!!!

The Mage!!!

ABSA latest lending policy OKDOKEY!!!



Hi everyone

Attached is a summary of the criteria which ABSA are now working. Juggling the act is the name of the game - The appetite for risk has definitely reduced.

Remember – LTV means the amount of money being lent against the value of the property.

The Mage is Back!!!

South Africans, breathe again! Tito Takes It Easy!

Do I feel change coming on??? Do you???

Could it be the beginning of some good movement in our ever declining economy. Have the government and our finance ministers finally realised that interest rate increases are not going to solve the economic crisis we find ourselves in!!!!!!!!

Well done Tito on the 0.5% increase in interest rates yesterday.

It's a nice change and a breather for South Africa. Quite frankly I think the banks are a little tired of repossessing all these properties.

Are we now going to see another bold move??? WILL YOU (THE GOVERNMENT) REMOVE THE TAXES FROM OUR FUEL PRICES???

Well, lets wait and see.


Wednesday, 11 June 2008

Absa Home Loans Fixed Rate Policy

Absa Home Loans Fixed rates are determined on a weekly basis, based on the “Matched Funds Transfer Policy” (MFTP) rates as applied by Absa Group Treasury.

In the past, clients have had the option of taking up a fixed rate on application, final grant or after the bond is registered.

Fixed Rate policy change

With immediate effect, Absa Home Loans will only offer fixed rates on registered bonds, i.e existing business. The fixed rate may only be applied for after registration has taken place, and the applicable rate will be determined as per the fixed rates at that time, as published on, under the Rates & Fees section.

Fixed rates will only be offered on existing loans and on “registered” new loans. This policy is to be applied until further notice

Application of the policy on further advances

If the client applies for a further advance and an additional amount is to be registered, a fixed rate will only be offered after the additional amount has been registered.

Where the client will not be registering an additional amount, meaning that the bond amount registered is enough to cover the further advance amount, a fixed rate can be offered to the client, however, the fixed rate will be determined at date of Final Grant.

The above is to be applied even if the further advance amount is to be allocated to a multi-plan account.

Other ABSA Home Loan Articles:
ABSA - A switched on unit
ABSA Home Loans - International Mortgages
ABSA Home Loans - No more 100% loans
ABSA Wake Up
ABSA Affordable Housing Solutions

Tuesday, 10 June 2008

Property Marketing Crash - PANIC In The Disco!!!!

Come on peeps. Stop all this bantering and raving and negativity. Stop of the bollocks. Quite frankly if Mr Geffen sent a letter out to his staff telling them they're about to loose their jobs well, it should've been private and stayed private but South Africans love causing SHIT and love stirring the pot.
According to reports from " Lew Geffen, head of Sotheby's International Realty South Africa, to his franchise owners in which he predicted the pending crash at a 40 percent decrease, adding that there were 60 percent fewer buyers in the market now than at the same time last year.While other industry players have lashed back rejecting his predictions, Maurice Levin, PR manager for Sotheby's, has defended Geffen's claims."Lew is not afraid to pronounce that the industry is in a pickle. Many agency bosses talk it up because their livelihood depends on it," he said."
So what people, are you telling me that this all comes as a surprise???

New credit act, banks changing lending policies, inflation increases, GLOBAL crashes in the mortgage origination business, petrol price increases yadayadayadayada....
It's tiresome, business is slow, it's declining and let me tell you, we're going to see companies closing down in what is a very very over saturated market!!! REINVENT YOURSELF!!!
1. It's giving you the chance to diversify your business
2. It's giving you the chance to make changes to the way you work
3. It's time to find alternate ways and means of reaching out to world and showing them who you are
1. Property prices are dropping, this means that your average house price which at the end of last year was out of the reach of first time buyers is now coming back into our grasps.
2. We're now able to get those amazing deals that we would never have been able to get 6 months ago.
3. We're no longer being FORCED to by crap, we can be picky and choose.
4. We're no longer wasting money on fancy cars and investing in a good property is now back to the number 1 expense and investment in your lives!
People, this is how a country should be. We should not be wasting money on unnecessary RUBBISH! Cars are not your most valuable asset and never will be. Stop buying at Woolworths and start shopping around for specials.
It's time to get clever, it's time to drop the debt and start saving so that you can afford YOUR DREAM HOUSE!!!

Friday, 6 June 2008

A little Friday Funny!

I think it's time for a Friday funny!

Lets shed some humour into the credit pains we've been hearing about for the last couple of months.


Next time you get a letter to pay your debts from your creditors, be sure to remember Sipho's letter.


Dear Sir/Madam

I acknowledge receipt of your letter dated 1 May in which for the third time, you request that I pay the monies owed to you. I first want you to know that by no means do I dispute my debt and I intend to reimburse you as soon as possible. However, I bring to your attention that I have many more creditors, quite as honourable as you, and whom I wish to reimburse too.
That is why, each month, I throw all the names of my creditors into a hat and draw one randomly whom I hasten to refund immediately. I hope that yours will come out shortly.

Sincerely Yours,

PS: I have great regret in informing you that given the unceremonious tone of your last letter, you will not be taking part in the next three draws.

Tuesday, 3 June 2008

Affordable Home Loan Solutions

Make owning your home loan even more rewarding

With the increases in interest rates, high inflation, and a household budget that's becoming more difficult to manage, it's good to know that there are some banks willing to help out. ABSA Home Loans have a range of products out there to assist you in managing your home loan account and your finances. Here is a list of options available for you. Should you have any queries please feel free to respond to this post or contact Wizard Midrand for more assistance.

Competitive Rate Options: choose between a variable or fixed interest rate option. A variable rate moves in line with the mortgage lending rate, while a fixed rate stays the same even if the Reserve Bank increases rates. You can select to fix your rate from anything between 12 months and 10 years.

Extended Repayment: a great option for those struggling to repay their 20 year loans. Extend your home loan to a maximum on 30 years thereby dropping your payments. In order to avoid paying more interest over the longer term you can also reduce your bond period as anytime FREE OF CHARGE.

Fastforward: pay off your home loan sooner and save interest with the ABSA fast forward options. You have the option to revert to a different option at any time.

Multiplan: structure your ABSA home loan account so that you can make the most of your money available in it. Multiplan allows you to have the primary account and a number of separate accounts linked to it. You can use the equity in your home loan for whatever purpose you need.

FlexiReserve Facility: access the available equity in your home loan at any time and use it for whatever you want.

Further Advance: if your property has increased in value since you bought it, you can apply for a further advance, which is essentially a second bond on your home that makes extra money available to you.

Thanks to ABSA home loans for providing us with this great information. Lets get the credit appetite in our favor people. Make it work for you!!!

Other ABSA Home Loan Articles:
ABSA - A switched on unit
ABSA Home Loans - International Mortgages
ABSA Home Loans - No more 100% loans
ABSA Wake Up