{"id":3939,"date":"2023-11-14T09:56:22","date_gmt":"2023-11-13T23:56:22","guid":{"rendered":"https:\/\/www.2020finance.com.au\/?p=3939"},"modified":"2023-11-14T10:25:45","modified_gmt":"2023-11-14T00:25:45","slug":"7-reasons-you-need-a-loan-pre-approval","status":"publish","type":"post","link":"https:\/\/www.2020finance.com.au\/7-reasons-you-need-a-loan-pre-approval\/","title":{"rendered":"7 reasons you need a loan pre-approval"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"3939\" class=\"elementor elementor-3939\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e491882 e-flex e-con-boxed e-con e-parent\" data-id=\"e491882\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d5cf13e elementor-widget elementor-widget-text-editor\" data-id=\"d5cf13e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.19.0 - 07-02-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>One of the most commonly asked questions a lot of my clients ask me is whether they should get a pre-approval before they go house hunting. My answer is almost always YES! To find out why, read our 7 reasons why you need a loan pre-approval.<\/p><h3>1. Know Your Budget<\/h3><p>It helps you figure out exactly how much you can afford to spend on a home, making your search more focused.<\/p><h3>2. Stronger Negotiating Position<\/h3><p><span style=\"text-align: var(--text-align); color: var( --e-global-color-text ); font-weight: var( --e-global-typography-text-font-weight );\">Sellers take you more seriously when you have pre-approval, giving you an advantage in negotiations.<\/span><\/p><h3>3. Save Time<\/h3><p>Knowing your budget upfront saves time by narrowing down your search to realistic options.<\/p><h3>4. Confident Offers<\/h3><p>With pre-approval, you can confidently make an offer. A shorter finance clause can make your offer more appealing to sellers.<\/p><h3>5. Quick settlements<\/h3><p>The pre-approval process speeds up the time it takes to close the deal, which is useful in competitive markets.<\/p><h3>6. Avoid Disappointment<\/h3><p>It prevents falling in love with a home only to later find out you can&#8217;t afford it.<\/p><h3>7. Credit Check<\/h3><p>The process includes a credit check, helping you identify and address any credit issues early on.<\/p><p>Remember, a pre-approval typically lasts for 90 days. Start the process when you&#8217;re actively looking to avoid unnecessary credit checks. If it expires, you can usually update it with current documents, but after 180 days, a fresh application is often needed.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b9f7ee6 e-flex e-con-boxed e-con e-parent\" data-id=\"b9f7ee6\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-45d5fe6 e-con-full e-flex e-con e-child\" data-id=\"45d5fe6\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;full&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-17ed8dd e-con-full e-flex e-con e-child\" data-id=\"17ed8dd\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;full&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-8b206db e-con-full e-flex e-con e-child\" data-id=\"8b206db\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;full&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-03bb7f3 elementor-widget elementor-widget-hub_fancy_heading\" data-id=\"03bb7f3\" data-element_type=\"widget\" data-widget_type=\"hub_fancy_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\t\t<div id=\"ld-fancy-heading-65f5b7ecae339\" class=\"ld-fancy-heading pos-rel\">\n\t\t\t<h2 class=\"ld-fh-element d-inline-block pos-rel  elementor-heading-title lqd-highlight-classic lqd-highlight-grow-left h2\"  > Talk to a finance expert!<\/h2>\t\t<\/div>\n\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2f39af4 elementor-widget elementor-widget-hub_fancy_heading\" data-id=\"2f39af4\" data-element_type=\"widget\" data-widget_type=\"hub_fancy_heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\t\t<div id=\"ld-fancy-heading-65f5b7ecaeac2\" class=\"ld-fancy-heading pos-rel\">\n\t\t\t<p class=\"ld-fh-element d-inline-block pos-rel  lqd-highlight-classic lqd-highlight-grow-left p\"  > We'll help you compare loans simply and choose wisely\u2026it\u2019s our specialty!<\/p>\t\t<\/div>\n\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ed90958 e-con-full e-flex e-con e-child\" data-id=\"ed90958\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;full&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-05354b8 elementor-widget__width-auto elementor-widget elementor-widget-ld_button\" data-id=\"05354b8\" data-element_type=\"widget\" data-widget_type=\"ld_button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\t\t\t<a\n\t\t\t\thref=\"https:\/\/calendly.com\/tammie2020finance\/phone-catch-up\"class=\"elementor-button btn btn-solid btn-hover-txt-liquid-y-alt btn-lg btn-icon-shaped btn-has-label\"\t\t\t>\n\t\t\t\t\t\t\t\t\t<span data-text=\"Book Free Call\" class=\"btn-txt\" data-transition-delay=\"true\" data-delay-options=\"{&quot;elements&quot;: &quot;.lqd-chars&quot;, &quot;delayType&quot;: &quot;animation&quot;, &quot;startDelay&quot;: 0, &quot;delayBetween&quot;: 32.5}\" data-split-text=\"true\" data-split-options=\"{&quot;type&quot;: &quot;chars, words&quot;}\">\n\t\t\t\t\t\tBook Free Call\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>One of the most commonly asked questions a lot of my clients ask me is whether they should get a pre-approval before they go house hunting. My answer is almost always YES! To find out why, read our 7 reasons why you need a loan pre-approval. 1. Know Your Budget It helps you figure out [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3941,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[10],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>7 reasons you need a loan pre-approval - 20\/20 Finance<\/title>\n<meta name=\"description\" content=\"Should you get a pre-approval before you go house hunting? 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