Pre-approval is exactly what it says on the box, it’s an assessment from the lender that results in paperwork stating they will honour a loan up to a specified value. With this paperwork you can prove you’re ready to go, ready to buy within budget as well as safely get into a negotiation for a quick sale.
This assessment also includes your ability to repay, this is based on income, living expenses, other repayments etc. Pre-approvals are usually valid for 3 months, and can be renewed.
To find out more about securing a pre-approval, call us today.
Have a question? Or just wanting a chat? Call now or send a question.
Phone
0457 524 451
kahtan@kfinancial.net.au