It’s important to know your buying power before you start searching for a home.
Home buyers seeking a clearer picture of what property they are able to purchase would do well checking out pre-approval.
A pre-approval is a lender’s written assessment of your creditworthiness for a loan. The assessment includes a borrower’s ‘ability to repay’ a loan, based on income, living expenses, or repayments for existing loans. This will give you a much clearer picture of your budget.
With the peace of mind of a pre-approval, home buyers can act quickly on that dream property knowing that finance is pretty well in the bag. Usually valid for 3 months, pre-approval can be renewed if finding a property is taking a while.
To find out more about how you can secure a pre-approval, contact one of our team today!
Our team will help you search, choose and settle your loan. Chat to one of our loan specialists at a time that suits you.
General Enquiries
0413 948 900