loan-arranger
WHAT IS A PRE-APPROVAL:
By submitting a Home Loan Application for a Pre-Approval, it allows the bank to do a quick assessment based on your income/debts and liabilities to see whether you’ll be able to successfully repay a home loan. If they deem you eligible based on the details you have provided, you will be given a pre-approval letter to borrow up to a certain amount.

WHAT ARE THE BENEFITS OF A PRE-APPROVAL:
A Pre-Approval is very handy for you start house hunting for the perfect home.
By having a Pre-Approval in place, it gives you a much higher chance to secure that property before someone else does.

When you go to buy a house, the real estate agent is also dealing with the Vendors (the people selling the home), so if you, as the buyer is interested in that particular home, the vendors want to ensure that the person they are selling to has their finances in place (such as a pre-approval). The vendors can receive many offers on their home, and so the vendors need to make sure that not only are they getting the right price, but they are selling to a person who has their finances in order to ensure a smooth transaction without hiccups or delays.

CAN MY OWN BANK GIVE ME A PRE-APPROVAL:
Yes they can. However keep in mind that every bank has their own lending policies and lending calculations. So whilst you may go into your own bank, they can only offer you the amount based on their own internal calculations, and can only offer you the interest rates and products that are available to them. By going to a Mortgage Broker, they have access to so many different lenders giving you a much wider range in choices to choose from. Plus by going through a Mortgage Broker, you may find that you can borrow more money than what your own bank is prepared to lend.

HOW CAN I APPLY FOR A PRE-APPROVAL:
You can contact Connie Hou from The Loan Arranger on 0413 640 989, or email atconnie.hou@loanarranger.com.au . Having access to over 30 different lenders, Connie will ensure to find you the best interest rate and product suited to your needs.

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Contact MNI

Have a question? Please ask us below…
President : Geoff Potter
Phone : 0412 031 367
Email : potter1302@gmail.com