16 Mar 2023 Podcast: Deep Dive – Do You Need a Pre Approval?
Most people get a pre approval on their loan because they don’t know how much they can borrow, but in this Deep Dive episode Evelyn and Maddie talk about other reasons why it can be so critical to ensure you are fully assessed by a bank BEFORE you buy.
This episode covers:
- What a pre approval is and how the bank assesses this
- The missing puzzle piece in a pre approval to go to formal approval
- Who pre approvals are critical for vs when is it not as necessary
- How long it lasts and whether you can extend your pre approval
- Other added benefits to your pre approval that you may not have considered
- And, what happens if you change jobs during the pre approval period?
Enjoy the chat!
If you find yourself in this situation, what should you expect, how can you prepare and how do you work out your next move in property finance?
In this episode, Evelyn and Maddie cover all the ins and outs around your fixed rate expiry to help you get ready.
Don’t miss this episode.
Find out your next step in property finance:
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You Have My Interest provides information and educational content relating to mortgages, finance and property. You Have My Interest‘s content is general in nature and does not take into account the individual financial, legal or tax needs or objectives of its audience members.
It is not intended as a substitute for professional advice. Listeners should seek out a licensed professional to discuss their individual financial, legal and tax requirements.
If you need mortgage or finance advice tailored to your own personal situation, contact Everlend today for a free consultation. Everlend are authorised credit representatives of Loan Market Pty Ltd, Australian Credit Licence number 390222.
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