lasts three to six months
makes getting a loan simple and
gives you the power to start looking seriously at properties?
If you’re looking to purchase a property but you’re not sure how much you can afford, it would be hard to draw your budget and aspirations towards your goal. Before looking for a property, it is just logical to know how much are you capable to spend in the first place.
A loan pre-approval means that a lender has agreed, in principle, to lend you an amount of money towards the purchase of your home but hasn’t proceeded to full or final approval.
It allows you to know your maximum available funds so you can narrow your search, negotiate with more certainty, and bid with more confidence if you’re going to auction.
A pre-approval is a valuable step in getting you closer to your new family home or investment property. It’s not a requirement in the home buying process, but it can make life easier.
If your new year’s resolution involves real estate, then it’s time you book in with us and get yourself ready to enter the market
Because the real estate market has become a haven for people to invest in with the banks and the share market offering less return and certainty every day, you need to be prepared.
Pre-approval is being asked for by developers and builders so that they can make a decision on whose contract for sale they accept.