THREE EASY STEPS TO HOME LOAN PRE-APPROVAL – Think & Grow Finance

THREE EASY STEPS TO HOME LOAN PRE-APPROVAL

HOMEBUILDER GRANT: WHAT YOU NEED TO KNOW
August 12, 2020
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JUL 2020

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, it is recommended to get a home loan pre-approval first. It not only saves you time on your property search but also protects you from overspending at an auction.

How long does pre-approval take?

Turn-around times for pre-approvals vary for each lender from the time of application submission. Verify with your broker the expected timeframe for your preferred lender. Providing us with the correct documentation up-front will help achieve a speedy turnaround.

Follow these three easy steps to get your home loan pre-approval

Collect your documents
Proof of identity
Proof of income and savings
Proof of living expenses and other expenditure
Evidence of current assets and liabilities  
Talk with your mortgage broker 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  
Submit pre-approval application with a lender
We fill out the forms and do all the work
The lender provides confirmation in writing
Pre-approval lasts for 3-6 months

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, it is recommended to get a home loan pre-approval first. It not only saves you time on your property search but also protects you from overspending at an auction. For an honest and unbiased opinion, talk to Think and Grow Finance today on 03 8390 5855 or email [email protected]