Getting a pre-approval before you start looking

It’s a good idea to talk to a mortgage broker a few months before you even start looking. Everyone’s situation is different; a good mortgage broker will be able to guide you what needs to be prepared before the application is lodged for a pre-approval. Also, having a written pre-approval give you an advantage when negotiating on a property with a vendor and the agent because they know that your finance has been organised.

Home loan pre-approval is a great way to ensure you know how much you can afford to pay for a property before you even start looking. Hence, you will only be looking for the properties suitable to your budget. This saves you a lot of time.

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