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Home Financing

Asked by Anonymous 31 Mar 2013

if i want to know the bank home loan pre approval.How long will it expire till we get the new approval? will the amount be the same?

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Ander Ang · Answer 1 · 2013-04-01T13:05:41+08:00

Ander Ang

Replied 1 Apr 2013

Hi,

We call this In Principle Approval (IPA).

Usually, IPA is valid from 2 to 3 months depending on which bank you get from.

If you can show that there is an increase in your income amount, the loan quantum from 2nd IPA should be higher than the 1st IPA. But of course subject to approval from bank.

It is better to speak to a mortgage banker. I can recommend some bankers to you. Please call me at 98628691 to discuss.

Thanks.
Ander Ang
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