Pre-Approvals Home Loan

• It is free and valid up for 3 months
• It gives you clear guidance on how much money you can spend.
• You won’t be setting yourself up for disappointment if you think you can spend more than your lender agrees to lend you.
• It allows you to shop with confidence and bid at auctions should your dream home come onto the market.
• It shows your estate agent that you are serious about buying a home.

• That all eligibility information supplied to the lender is true and correct.
• That the lender has received all the documentation necessary to verify deposit, security, assets, liabilities and income.
• The lenders satisfactory assessment (including a valuation) of any property offered as security for your client’s loan(s).
• Whether Lenders Mortgage Insurance is required. If it is required (generally when the loan amount is for more than 80% of the value of the security property) the loan(s) will be provided only if the insurer agrees to provide the insurance. The borrower will also need to pay the Lenders Mortgage Insurance premium.

• The duration of the pre-approval will vary depending on the type of pre-approval and the lending institution. Once we understand your needs, our Mortgage Brokers will offer possible options.

In general terms, we need to establish what you need and understand your personal financial position. You can use the following as a guide:

• How much deposit you have saved
• An indication of the price range of the properties you’re considering
• Your income
• Your assets
• Your living expenses Other loans you may have and Credit card debts.

As each client is different, this list is just an indication. We will provide a more definitive list as part of our initial meeting.

• Either book an appointment online or call us on 07 3889 9250 and we can book a phone appointment with one of our experienced Mortgage Brokers.
• Once the appointment is booked, we will send you an email containing a list of the information you should start to gather to make the process quicker.
• We can also, email you and provide you access to our client portal via the internet where you can upload the necessary information prior or after out telephone meeting.