- Simple process
- Clear guideline of what to do
- Provides confident buying process
- Valid for 3-12 months
- Allows you to act quickly
- Gives you peace of mind
Getting your loan pre-approved
Getting your finance pre-approved before you go house hunting is simple to do and gives you great confidence in the buying process. A pre-approval is similar to full finance approval except the final details of the property you purchase have not yet been determined.
This ‘in principle approval’ is usually valid for 3 months and can be valid for up to 12 months so you can take your time to find the perfect place.
Remember that the pre-approval is subject to the conditions under which it is approved, but it gives you a clear framework to work within.
Formal unconditional pre-approval
There are many ‘versions’ of home loan pre-approvals and many are only indications. If you want to go the next step and get something you can rely on, then talk to us about getting unconditional pre-approval.
Note that if you successfully bid at auction and your loan doesn’t come through, you could lose your deposit. Getting your loan pre-approved will give you this peace of mind.
If you leave it too late to apply for your Home Loan, other buyers who already have pre-approved finance may beat you to your chosen property.
Click here to arrange your pre-approval
Already Purchased!
If you have already purchased a property make the time to call us and we will get started in obtaining the right loan for you.
Any advice contained in this article is of a general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice with regard to those matters. Information in this article is correct as of the date of publication and is subject to change.