Home Loan Pre-Approval
Once you begin to think about buying a property, a home loan pre-approval is something that is definitely worth considering regardless of how much you are intending to borrow.
A pre-approval is similar to full finance approval except that the property you intend to purchase has not yet been determined. It gives you clear guidelines on how much money you have to work with. Some conditions usually need to be met before full finance approval will be granted.
pre-approve now for successful price negotiation
Your Loan Market mortgage broker will organise a pre-approval for you so you can successfully negotiate a good price on the property you intend to purchase. Fill out the form below or call us at any time on 13 LOAN or direct on +61 2 9249 3739 and we will return your call within 2 business hours.
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A formal, unconditional pre-approval is a worthwhile investment.talk to a mortgage broker for more information that's in your best interest. |
Types of home loan pre-approval
There are a number of different types of home loan pre-approval. Many of these are indications only of what the bank is willing to lend you. To be sure of your borrowing capacity you will need to secure a formal pre-approval. You may need to pay some application fees, but the security is worth it, and you are then free to negotiate with confidence or bid at auction.
Secure a valuation
Despite its name, a formal unconditional pre-approval still has some conditions that need to be met before it progresses to a full approval. A valuation is the most common requirement, so it makes sense to secure a formal valuation through the lender you intend to borrow through prior to purchasing at auction or signing a contract.
For more information on HOME LOAN PRE-APPROVAL
For more information on how a home loan pre-approval can help, or to apply for a pre-approval, talk to your local mortgage broker and we will return your enquiry within 2 business hours. Or call us at any time on 13 LOAN or direct on +61 2 9249 3739.
