Home Loan Pre Approval – Securing Your Dream Property
It's an exciting time when you first being to search the property market. The thrill of the chase – hunting down that dream property you desire!
But what about checking your financial limits? Getting a home loan pre approval is a fantastic way to make sure you enter the market confidently.
Having your loan pre approved will give you a fairly good idea of what your borrowing capacity is – or simply, how much you will be able to take out for your home loan.
Knowing this will help you to focus your home searching criteria to those within your price range. And if the property is selling at auction, you won't have to worry about missing out – having a clear idea of your spending limits means you can proceed with the bidding!
And when you stumble upon that golden real estate egg, final unconditional approval can happen rapidly – sometimes within the next few hours!
Getting your home loan pre approved is pretty simple too! It's free, valid for up to three months and gives you zero obligations!
To get more detailed information on your situation, talk to a Loan Market mortgage broker today.Tags: borrowing capacity, home loan pre-approval