Pre Approval
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What to Do If Your Home Loan Is Declined After Pre-Approval
Getting home loan pre-approval feels like a major step towards owning your dream home. You have checked your finances, found a property and started planning your move. Then, unexpectedly, the bank declines your home loan application. Suddenly, your plans face uncertainty. You might risk losing your deposit, missing a settlement deadline or even losing the…
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What Is a Home Loan Pre-Approval?
A home can look affordable on paper, then fall outside your borrowing power. That is where home loan pre-approval can make a major difference. Instead of guessing your budget, you can ask a lender to assess your finances first. You then know how much you may be able to borrow before searching for property. However,…