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3 steps to home loan pre-approval.

Posted by Chris Collard on 17 July 2023
3 steps to home loan pre-approval.

Spring is just around the corner which traditionally means the property market will start to warm up.

If you are considering making that next property purchase, we recommend you get a home loan pre-approval first.

Not only does it save you time on your property search but also protects you from overspending at an auction.

Follow these 3 easy steps to get your home loan pre-approval sorted today:

1) Collect your documents

  • Proof of identity
  • Proof of income and savings
  • Proof of living expenses and other expenditure
  • Evidence of current assets and liabilities
     

2) Talk with us to find out

  • How much can you borrow
  • How much you require for a deposit
  • How much you can repay each month
  • If you qualify for a government grant or concession
     

3) Submit pre-approval application

  • We fill out the required forms and do all the work
  • The lender will confirm in writing
  • Pre-approval lasts for 3 months


Ready to start your hunt?

Get in touch with our team at FinancePath to organise pre-approval early so you are prepared to act quickly when you find the right property.

Call us on 1300 780 440.

Learn more about the importance of loan pre-approvals from industry experts Mark Attard, one of our directors, and Gabe Mardegan, our credit manager. Watch now.

Chris CollardAuthor:Chris Collard
About: As a keen investor myself, my passion is to make sure you are investment ready when opportunity knocks
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Tags:Pre-approvalProperty InvestmentHome loans