PRE APPROVAL LOANS SERVICEMake Property Offers Confidently

Pre-approval often called “conditional approval” or “approval in principle” is an excellent way to have a lender analyse your financial state and let you know how much you can safely borrow for your intended new home.

Getting pre-approval is not a time consuming endeavour. The benefits are numerous with the leading advantage being that it will give you a better understanding of your borrowing power. Pre-approval will help you work within a budget, know what the bank can lend you, and realtors will see how serious you are when making an offer on a property.

How long is the pre-approval valid for? In most cases, so long as your financial situation doesn’t change dramatically, the pre-approval is valid for up to 90 days and can be extended. In order to get started with a pre-approval application, there is a dossier you’re expected to furnish and submit. Get in touch with us for a full list of requirements.

Do you know that you can get pre-approval, conditional approval, and unconditional approval? What does this mean? If you don’t quite meet the full set of requirements you’re not automatically declined a home loan. Your case can be reviewed and certain conditions attached that will need to be met if you are to get a full pre-approval.

Whether you’re a citizen currently living in the country, an expat thinking of investing back home in Australia, or a permanent resident of Australia, we offer pre-approval so long as you meet the necessary requirements.

Looking to purchase a property within a year? Our pre-approval typically last 90 days provided that your financial situation remains the same. The pre-approval may also be extended so long as your monetary situation doesn’t change.