The missing piece in most property hunting
Applying for your first pre-approval loan with the right lender can be mind-boggling to say the least. Which lender will loan you the amount you need? How quickly can they provide the approval? Will they accept you as a borrower? Will they give you the most competitive rate?
With so many seemingly eye-catching deals catering to first home buyers right now, it is difficult to dissect the good from the bad and the downright ugly. Buying your first home is a chance to create so much: a home, a platform for your wealth, and a brick-and-mortar asset – but a calculated approach is vital to ensuring slow pre-approval doesn’t cost you the dream.
Here’s what you need to know about the puzzle that is pre-approval.
It’s the corner piece to owning property
Pre-approval for a loan is like placing a corner piece of a jigsaw puzzle down on your coffee table. It costs nothing and has no immediate impact on your ability to complete the puzzle, but it is crucial because it provides you with an essential step in the right direction to the end product. The corner piece focuses the scope and dimensions of your puzzle and is the beginning of your exciting journey to becoming a homeowner. After all, you must start somewhere to put all the pieces together.
An extra set of eyes on the prize
Pre-approval is a subtle but distinct advantage to achieving the Australian dream of owning your first home. Once the corner piece is in place, all the nitty gritty details of your finances are given a ballpark figure. But getting pre-approval can be either light work or laborious, prolonged heavy lifting. As your local mortgage broker, I can be your extra set of eyes, to help place all the other pieces together accurately and efficiently. Not all lenders move quickly on pre-approvals and different lenders will assess you as suitable (or not) for their products. I can provide you with a lender suitable to your situation and with all bells and whistles attached to that pre-approval.
The completed image
The beauty of a pre-approved loan is the strength it gives you at auctions or when browsing the real estate market. Securing your dream home at an affordable price requires urgency in providing an offer, and you can’t do that without pre-approval (actually you can, but that could be disastrous!). I want to help you complete the puzzle of owning a property that you love. So let’s put the corner piece in place…start by talking to me today, I’ll work out the most appropriate lenders for you, so that the process of being assessed for your first home loan isn’t as complicated as you thought when you first looked at all the pieces strewn over that coffee table.
Let’s get the puzzle started and finished sooner so you can own a home.
Disclaimer: This document has been created by Loan Market Pty Ltd (ABN 89 105 230 019, Australian Credit Licence number 390222). It provides an overview or summary only and it should not be considered a comprehensive statement on any matter.You should before acting in reliance upon this information seek independent professional lending or taxation advice as appropriate specific to your objectives, financial circumstances or needs. Information included has been sourced from third parties and has not been independently verified. Accordingly, Loan Market Pty Ltd is not in any way responsible for nor provides any warranty express or implied as to its accuracy or relevance.