Is Home Loan Pre Approval For You?
If you are looking to buy a home this year, you might be wondering if you should get home loan pre approval before you start house hunting.
It’s a good question. For starters, not all lenders offer pre approval and there are also a number of different types.
Nevertheless, a mortgage broker can help you secure home loan pre approval. Here are some of the benefits of doing so.
Save yourself time
Having your home loan pre approved will mean you know exactly how much you can borrow.
This means you can limit your house hunting to properties within a feasible price range - saving you time looking at places you can’t afford.
It will also make final unconditional finance approval faster, once you’ve found the right place.
Shop with confidence
Home loan pre approval gives you the confidence of knowing that your home finances are sorted.
This can put you in a stronger negotiating position and also enable you to bid at auctions.
The best thing about getting loan pre approval is that it won’t cost you anything - and it is valid for up to three months!
To get more detailed information on your situation, talk to a Loan Market mortgage broker today.