Without getting a pre-approval from the bank first, you can easily miss out on securing a home.
Stories of heartbreak are common at auctions, where the buyer puts down a deposit after winning but then wastes precious time applying for a mortgage that may be declined.
So, what is a pre-approval and how can it give you piece of mind when entering into a deal with the seller (vendor) and how do I know it can be relied upon?
Banks and lenders offer several different types of pre-approvals.
They range from a simple 2-minute online application, to a formal document, written and signed by you and the bank.
A Pre-approval that you can confidently start searching for a property is one where;
Securing a formal pre-approval is the only way to make sure you can negotiate confidently with vendors, whether it’s at an auction or not.
Without a signed letter, some sellers and real estate agents won’t accept your offer, as they can’t guarantee that you’ll get the necessary finance
Make the process of looking for your home, a fun time, no tears if you obtain the pre-approval paperwork, ask Green Apples Finance Australia to arrange one for you today!
You need to consider with your financial planner (or adviser), your objectives, financial situation and your particular needs prior to making an investment decision. Sensibly Pty Ltd and its authorised representatives (or credit representatives) do not accept liability for any errors or omissions of information supplied on this website
Nick Shanley, Steve May, Luke Styles and Shanley Financial Planning T/A Steve May Financial Services are Authorised Representatives / Corporate Authorised Representative of Sensibly Pty Ltd, AFSL 533923. Please refer to our website at www.stevemayfs.com.au to reference our Financial Services Guides.
Shanley Financial Planning Pty Ltd trading as Steve May Financial Services (ABN 19 612 825 180) is a Corporate Authorised Representative of (1265706) of Sensibly Pty Ltd (AFSL 533923)
Nick Shanley, Steve May and Luke Styles are Authorised Representatives of Sensibly Pty Ltd (AFSL 533923)