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  • In the increasingly competitive banking environment, it is a good idea for those thinking of buying a property to get themselves pre-approved for a bond, according to Rhys Dyer, CEO of home loan originator ooba. One of the key trends he sees in the property industry is a much more significant competitive environment in the banking space. The home loans lending space has become significant in terms of profitability for the banks," he told Fin24. "That competition has been beneficial to the [...]

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    Although, the prequalification procedure is not a guarantee that your bond finance will be approved for the amount you request, it is an important procedure to go through because: It gives a good indication as to what the banks should grant you based on your credit record and income. It substantiates your credibility as a serious qualified buyer It assists you the purchaser, with the means to calculate how much you can purchase for. For ease and to keep up with the latest procedure[...]

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