{"id":10227,"date":"2022-10-29T07:26:15","date_gmt":"2022-10-29T07:26:15","guid":{"rendered":"https:\/\/loans.tiida-nissan.ru\/?p=10227"},"modified":"2022-12-08T18:40:19","modified_gmt":"2022-12-08T18:40:19","slug":"get-home-loan-pre-approval-online-in-three-steps","status":"publish","type":"post","link":"https:\/\/loans.tiida-nissan.ru\/get-home-loan-pre-approval-online-in-three-steps.html","title":{"rendered":"Get home loan pre-approval online in three steps"},"content":{"rendered":"
It’s always best to be prepared, especially when making a financial commitment as significant as that of buying a home. Here’s how getting home loan pre-approval online can help you streamline the home-buying process.<\/p>\n
Home loan pre-approval requires you to go through a prequalification process, during which you provide certain financial information, which is then used to calculate the size of the home loan you likely qualify for. You will also be provided with your credit score as part of the prequalification process.<\/p>\n
It may seem like unnecessary extra work, but it’s incredibly useful to have this information available to you. Here are some of the reasons why prequalification is in your best interests:<\/p>\n
You have the option of contacting a bank or bond originator directly and getting pre-approved by an expert, but it’s quicker, simpler and easier to do it online yourself. Here are three easy steps to doing so:<\/p>\n
A home loan comparison service will usually provide the option to apply for pre-approval, but some home loan comparison providers are more professional than others. Since they can also apply to multiple banks for a home loan on your behalf, you’ll want to choose a home loan comparison service that has a good relationship with the banks and is willing to fight your corner when negotiating with banks.<\/p>\n
In terms of prequalification, you’ll want a service that makes the process simple and straightforward. For example, ooba home loans, which is South Africa’s leading home loan comparison service, provides a free, DIY, online tool, the Bond Originator, which will take you through the pre-approval process step by step, in the comfort of your own home.<\/p>\n
The pre-approval process will require you to provide personal and financial information that will enable the prequalification tool to calculate your affordability, and to check your credit record.<\/p>\n
Steps to pre-approval using the ooba Bond Indicator are as follows:<\/p>\n
The process is safe, simple and secure.<\/p>\n
Once you’re done, you will be issued with a prequalification certificate, that you can present to an estate agent or home seller. The certificate is valid for 90 days, after which you’ll be contacted by the home loan comparison service to ensure that your financial situation hasn’t changed in any way, before offering you the option to prequalify again.<\/p>\n
Bear in mind that the prequalification certificate does not guarantee that the bank will provide you with a home loan. They will still need to perform their own affordability and credit checks, and evaluate the property you’ve decided to purchase so they can take its value into account.<\/p>\n
But thanks to pre-approval, you will have chosen a property very likely to fall within your financial means, and thus improve your chances of obtaining a home loan. Since you will also know your credit score, you can decide whether you should focus on improving your credit score before applying for a home loan.<\/p>\n
Once you’ve gotten pre-approved, and found a property that is within your means, you can enlist the services of a home loan comparison service such as ooba home loans to help you apply for a home loan. Since they apply to multiple banks on your behalf and compare interest rates, they could secure a home loan deal even better than the one you thought you would get based on your pre-approval.<\/p>\n
They also offer a range of tools that make the home buying process easier. Start with their bond calculator; then use their free, online prequalification tool, the ooba Bond Indicator, to get prequalified and determine what you can afford. Finally, when you’re ready, you can apply for a home loan.<\/p>\n","protected":false},"excerpt":{"rendered":"
It’s always best to be prepared, especially when making a financial commitment as significant as that of buying a home.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"\n