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Does pre-approval affect your credit score?

No, because the credit check conducted during pre-approval is a soft enquiry, and soft enquiries do not affect your credit score.

Hard enquiries may affect your credit score if you lodge a lot of them. Hard enquiries include applications for a loan, such as a vehicle loan or credit card loan. Too many such enquiries gives the bank the impression that you are taking on a lot of debt.

But as mentioned, pre-approval does not include a hard enquiry, and will provide you with your credit score so you can ascertain your chances of home loan approval. 

Pre-approval also provides you witn an idea of what you can afford, which in turn improves your chances of home loan approval as your prequalification certificate will show that you can afford the home purchase.

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Simply The Best

Ooba home loans services are simply the best. My Consultant Bianca Dancer was so hands on and helpful from the get go. She guided me through the entire process and put me at ease being a first time buyer. I highly recommend their services.

Tia J

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Excellent Service

Jay Govender and Maleshini Reddy from OOBA provided outstanding assistance and guidance in securing our home loan. Response times were excellent and they were professional and friendly.

Brice G

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Bond Application

Estelle Vorster was really helpful in securing the best deal for my home loan, she not only negotiated a lower interest rate she went as far as securing 50% discount on the transfer costs.

Butana M

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