For anyone who is seriously considering a property purchase in the next 3 to 6 months, a pre-approval is a must. It’s important for 2 reasons:
1. Understanding your borrowing power
2. Finding a property within your means
As anybody who has purchased a property will tell you, performing thorough research and understanding your financial position is critical. Not only can it save you thousands of dollars, but it ensures you end up with property that suits your needs now and in the future.
It’s no good inspecting a mansion with an ocean view located only minutes from the CBD if you can only borrow $250,000. Chances are you won’t be able to afford that property. However, by obtaining a pre-approval and learning your maximum borrowing allowance, you’ll be able to research properties that are within your means.
So how do you go about getting a pre-approval? It’s simple. Get in touch with us today (either via the form on the right or on (02) 4627 5511 and we’ll guide you through the process.