When your bank approves a home loan, it often comes with a "promise to pay", a preliminary approval that assures you funds once all paperwork is finalized.
But did you know this promise can be revoked? Here’s the fine print: If your financial situation changes during the two-to-three-month period it takes to finalize the loan, the bank has the right to withdraw their offer. For example, say the bank approves you for a R1 million home loan. Excited, you buy a new car or splurge on luxury items. When the bank notices these changes, they may reassess your financial situation and decide you’re no longer eligible. The result? No loan, no home, and a collapsed sale. To avoid this, keep your finances steady. Don’t make significant purchases or take on new debt until your loan is fully processed and the money is in your hands. THEY CHARGE YOU LIKE A BANK. WE HELP YOU LIKE FAMILY.
No Hidden Fees, Just Results With no additional costs or hidden fees, what you see is what you get. Our straightforward process ensures your experience is easy, with clear pricing from start to finish. Ready to Fund Your Future Today? Whether you’re an agent awaiting commission or a seller ready to move forward, we’re here to get you your money quickly and efficiently!
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Email us at: info@EmpowerFunding.co.za
Thank you, and enjoy the video below.
Gal Ezra
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