How Life Changes Impact Pre-Approval
Being ready to buy a home doesn’t always align with being ready for pre-approval. While pre-approvals typically last around 90 days, your financial position must remain the same at formal approval.
Changes such as switching jobs, moving to part-time or casual work, increasing expenses, or taking a career break can affect your loan application.
When applying for pre-approval, it’s important to consider not just your current situation, but how your finances may change over the coming months.
About author
Shehan Wijayasinghe
Accounting
Subscribe to our newsletter
Sign up to get the most recent blog articles in your email every week.
