7 Common Mistakes That Can Delay Your Home Loan Approval
- Aswin Baskaran
- Jul 5
- 1 min read
Small mistakes can delay—or even prevent—mortgage approval.
1. Taking on New Debt
Avoid financing cars or buying furniture before settlement.
2. Missing Payments
Late payments affect your credit profile.
3. Changing Jobs
Changing employment during the application process can complicate approval.
4. Large Unexplained Transactions
Banks may ask questions about unusual deposits or withdrawals.
5. Spending Your Deposit
Keep your savings intact until settlement.
6. Not Getting Pre-Approval
House hunting without pre-approval can lead to disappointment.
7. Applying to Multiple Banks
Multiple credit enquiries can impact your application.
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