Once you've been pre-approved for a mortgage, it's important to be aware of the potential pitfalls that can occur. Here are three things to watch out for:   1. The interest rate may change. If rates go up after you've been pre-approved, your monthly payments will increase as well. Make sure you're prepared for this possibility by shopping around for the best rate.   2. The home you want may not be available. If you find a home you love but it's not available, don't despair! Keep looking and you'll find the perfect place.   3. You may not qualify for the loan. This is a risk if your financial situation changes between the time you're pre-approved and when you actually apply for the loan. Make sure to keep your lender updated on any changes so they can determine if you still qualify.   Avoiding these traps will help you have a smooth home buying experience. Good luck!   Will Bell Mortgage Broker 435 Nepean Highway Frankston Vic 3199 0448111046   Book a time to see what you can do: https://calendly.com/wbell-wbmb/  Check out our pages for first home buyers and First Home Owner Concierge   For help getting a home loan approval contact Will Bell Mortgage Broker Home Loan Reviews - Will Bell Mortgage Broker Google Places Facebook -  Will Bell Mortgage Broker Facebook YouTube   First Home Buyer Checklist - https://www.youtube.com/watch?v=4Sh2umkhS7c&t=2s   Pre-approval Carnage https://willbellmortgagebroker.com.au/pre-approval-carnage-a-first-home-buyer-trap/    How To Get A Home Loan Pre Approved https://willbellmortgagebroker.com.au/how-to-get-a-home-loan-pre-approved/    Will Bell Mortgage Broker Cranbourne - https://willbellmortgagebroker.com.au/mortgage-broker-cranbourne/ #Preapproval #firsthomebuyer #mortgagebrokermelbourne