🚨 Approved… But Not Settled? What You Need to Know Before Your Property Purchase

Published by FinanceMax – Trusted Mortgage Brokers in Australia

Securing your home loan approval is a major milestone, but it doesn’t guarantee your property settlement will go smoothly. In fact, many borrowers face unexpected hurdles between approval and settlement that can cause delays or even jeopardize the deal. Understanding these common pitfalls can help you stay prepared and keep your purchase on track.

Common Mistakes That Can Delay or Derail Your Settlement

After approval, lenders continue to review your financial situation closely before releasing funds. Here are key factors that can raise red flags and complicate the settlement process:

• 🔄 Changed Jobs? Switching employers or moving from permanent to contract work can prompt lenders to reassess your ability to repay, potentially causing delays.
• 🧾 Took on New Debt? New loans, credit cards, or Buy Now Pay Later plans like Afterpay can increase your debt-to-income ratio, impacting borrowing capacity.
• ❌ Missed a Payment? Late or missed payments on any bills or debts will negatively affect your credit score and lender confidence.
• 🏦 Unexplained Bank Transfers? Large deposits or withdrawals that can’t be explained may raise concerns during lender verifications.
• 📉 Reduced Income? A decrease in earnings or inconsistent income can cause lenders to reduce your approved loan amount or withdraw the offer.

How FinanceMax Supports You Through Settlement

At FinanceMax, our commitment goes beyond loan approval. We provide ongoing support to ensure your finances remain stable and transparent throughout the settlement period.

Our expert mortgage brokers will:

• ✔️ Keep close communication with your lender to quickly address any concerns
• ✔️ Advise on managing your finances responsibly before settlement
• ✔️ Help you avoid actions that could jeopardize your loan
• ✔️ Guide you through unexpected challenges and paperwork

📞 Get Trusted Advice from FinanceMax

Don’t let last-minute surprises stall your dream home purchase. Contact FinanceMax today to receive personalised mortgage support every step of the way.

📱 Call us now:
0425 452 069 | 0430 088 133
🌐 Visit: www.financemax.com.au

Credit Representative Numbers 564345 and 564346 are authorised under Australian Credit Licence 412778.
This post provides general information only and does not constitute personal financial advice. Please consider your individual circumstances before making financial decisions.