Arranging for Pre – Approval finance is a must for every home buyer or investor as soon as the decision has been made to buy a property.The process normally takes about 4 to 5 business days from the time all necessary and required documentation have been submitted.
Knowing how much you have to spend is one of the greatest advantages of obtaining a Pre - Approval prior to commencing the search for your dream home or your next investment. It enables you to enter the negotiation process with confidence and purpose.
The purchaser’s appeal to vendor is further enhanced by having a Pre - Approval. Vendors are more likely to accept offers from purchasers with Pre - Approval, as the risk of the purchaser not being able to obtain finance is largely reduced.
The validity of a Pre - Approval varies from lender to lender and ranges from 3 to 12 months. There is obligation on the part of the applicant to accept the loan offer.
There are no costs associated with obtaining a Pre - Approval, to discuss the process in detail contact us.
Next step; once the contract is signed, we will take your loan application further from Pre - Approval to unconditional loan and all the way to the very exciting finish line; the settlement process.
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