Home loan pre-approval
I believe obtaining a home loan pre-approval before entering the market is essential no matter the loan size your are considering. Whether you're a first home buyer, refinancing or investing, a home loan pre-approval will put you in the strongest position to bid at auction or negotiate with a vendor. Almost all of the criteria required by a lender for a full home loan approval is already assessed and met during the pre-approval stage, and you will know exactly how high you can go with an offer to a vendor. Pre-approvals are available from most lenders and usually last from three to six months.