Home Loan Pre Approval

Home loan pre-approval allows you to bid at auctions with confidence and shop for your new home with peace of mind.

If you’re thinking of buying a property, a home loan pre-approval is definitely worth considering regardless of how much you are thinking of borrowing.

A home loan pre-approval will give you clear guide on how much money you have to work with putting you in a stronger position to negotiate with a vendor or bid at auction.

Advantages of Home Loan Pre-Approval:

• Home loan pre-approval is free
• Valid for up to 3 months
• Enables you to go shopping for your home with confidence
• Final unconditional finance approval is faster

Make Sure You Get Formal Pre-Approval

There are a number of different types of home loan pre-approval provided by lenders, from a simple short form pre-approval through to a formal written pre-approval.

To be sure of your borrowing capacity you will need to secure a formal pre-approval. It is the only way to get the pre-approval you need to negotiate with confidence or bid at auction under almost the same conditions as a cash contract.

A Loan Market mortgage broker will help you secure home loan pre-approval so you can shop for your new home with confidence.

After You Have Found Your Property

Once you have found your property, you will need to advise your mortgage broker and provide a copy of the contract of sale. Full approval of your loan can take as little as an hour or it may take a few days if valuations are required.

More Information and Home Loan Help

For more information on how to arrange pre-approval from an extensive panel of Australian banks and secure mortgage lenders, talk to your local mortgage broker today, or contact us on 13 LOAN (13 5626)