✔ I have a Home Loan pre-approval, am I guaranteed to be approved?
No. While pre-approval means that you’re more likely to have a loan approved, it doesn’t provide an iron-clad guarantee.
The following factors can affect whether a loan for which you’ve been pre-approved proceeds to final approval:
? A change to your personal circumstances
? A change to government regulations
? A negative valuation of the property (or less than what you are paying for the property)
? A change in the property’s condition
❓ If your circumstances have not changed significantly and the property and valuation is acceptable by your Lender, your chances of obtaining final approval following a pre-approval are very favourable.
? Interested to know your borrowing power or gain pre-approval for your next property? Visit our website and access our calculators https://greatergeelongfinance.com.au/borrowing-power-calculator/
?♀️ Need more tailored assistance ? Julie 0437 095 312 Greater Geelong Finance.
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