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.
