Pre-Approval


Pre-Approval by definition - a pending loan, whereby the loan documents have passed and a loan is available when the borrower is ready to use it or purchase an asset.

A formal pre-approval is a critical step in purchasing property - it's when a lender gives you an approved amount to borrow based on a full assessment of your financial situation.

Basically this means you are Market Ready and can start truly making offers on you dream home/investment.


Advantages of home loan pre-approval

  • You'll know exactly how much you can spend
  • You know what your repayments will be
  • Your final loan will be organised faster
  • There's no cost to you
  • I am there every step of the way

A formal pre-approval is important

There are different kinds of pre-approval - it's important you get a formal, written pre-approval. Once you have it, you can negotiate or bid under almost the same conditions as a cash contract. 

There is nothing more powerful in a negotiation with the vendors agent then making the point that, "we are PRE - APPROVED". This gives you the edge over other bidders looking at the same property. Also it helps when negotiating settlement terms.

However, be wary of any website that offers you a pre-approved home loan without taking the time to assess your financial situation. I will organise your home loan pre-approval for a loan that matches your personal situation and financial goals.

I work for you, covering not only the Moss Vale to Mittagong catchments but across the entire Southern Highlands and Greater New South Wales region.

Top 6 reasons to use Robert Simpson for home loan pre approval

Pre-approval is a critical step in purchasing property - it's when a lender gives you an approved amount to borrow based on a full assessment of your financial situation.

















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