Before you start the search for your dream property, make sure you’re not wasting your time by firstly getting a pre-approval. In doing so, you will have a clear understanding of your borrowing capacity and you won’t be inspecting properties that are out of your price range.
So how do you go about getting a pre-approval?
Step 1: Speak to a SmartFinance Broker.
As mortgage specialists, our team of brokers have access to over 30 lenders from which they can arrange a pre-approval. Depending on your criteria, they will find the lender which maximises your borrowing capacity and gives you the most options when looking for a property.
Step 2: Completing you application.
Once a lender has been selection, your SmartFinance broker will guide you through the application process, assisting you at every step of the way. This includes liaising with the lender on your behalf, and compiling your information into a concise and clear application.
Step 3: Confirm your pre-approval.
Once your application is submitted, you will hopefully receive confirmation that your application is successful. At this point, you will be able to start your property search, armed with the knowledge of what a lender will be able to loan you, should you want to go ahead and purchase a specific property.
To learn more, contact us today on 1300 995 995 or submit an enquiry using the form on the right. A SmartFinance team member will be in touch shortly.