There’s a lot to be said for having your home loan pre-approved. But does pre-approval mean you’re putting the cart before the horse? Definitely not. Here are three ways pre-approval can help you get ahead of the competition.
Here’s a handy tip: you don’t have to wait until you’ve found a home you’d like to buy before making mortgage enquiries with a lender.
It’s possible to have a home loan pre-approved before you’ve even started to wear out shoe leather at open home inspections.
It can mean you’re ready to go with your loan, with only a few formalities to sort out, as soon as you’ve found the right place.
Even better, pre-approval doesn’t mean you’re committed to taking out a loan. It’s not a problem if you have a change of plans.