Getting your loan pre-approved
- Simple process
- Clear guideline of what to do
- Provides confident buying process
- Valid for 3-12 months
- Allows you to act quickly
- Gives you peace of mind
Getting your finance pre-approved before you go house hunting is simple to do and gives you great confidence in the buying process. A pre-approval is similar to full finance approval except the final details of the property you purchase have not yet been determined.
This 'in principle approval' is usually valid for 3 months and can be valid for up to 12 months so you can take your time to find the perfect place.
Remember that the pre-approval is subject to the conditions under which it is approved, but it gives you a clear framework to work within.
Formal unconditional pre-approval
There are many 'versions' of home loan pre-approvals and many are only indications. If you want to go the next step and get something you can rely on, then talk to us about getting unconditional pre-approval.
Note that if you successfully bid at auction and your loan doesn't come through, you could lose your deposit. Getting your loan pre-approved will give you this peace of mind.
If you leave it too late to apply for your Home Loan, other buyers who already have pre-approved finance may beat you to your chosen property.
If you have already purchased a property make the time to call us and we will get started in obtaining the right loan for you.