Why is it important to get a pre approval before purchasing?
There are different types of approval you can get for a home loan; pre-approval/online pre-approval, conditional pre-approval and unconditional approval.
Pre-approval allows us to access your suitability to borrow an amount, to gain a clear indication of a lender's intention to offer you money as well as the lender's willingness to lend you a specific amount of money for a specific property given your personal situation.
You can find more information about pre-approval here or contact an Expert Aussie Broker who will help you through all the steps of gaining approval for a home loan. This is a free service as part of your free appointment with an expert Aussie Broker.