{"id":5321,"date":"2023-09-21T09:15:16","date_gmt":"2023-09-20T23:15:16","guid":{"rendered":"https:\/\/financialplus.com.au\/?p=5321"},"modified":"2023-09-21T09:15:16","modified_gmt":"2023-09-20T23:15:16","slug":"3-ways-pre-approval-can-give-buyers-an-edge","status":"publish","type":"post","link":"https:\/\/financialplus.com.au\/3-ways-pre-approval-can-give-buyers-an-edge\/","title":{"rendered":"3 ways pre-approval can give buyers an edge"},"content":{"rendered":"
There\u2019s a lot to be said for having your home loan pre-approved. But does pre-approval mean you\u2019re putting the cart before the horse? Definitely not. Here are three ways pre-approval can help you get ahead of the competition.<\/strong><\/p>\n
Here\u2019s a handy tip: you don\u2019t have to wait until you\u2019ve found a home you\u2019d like to buy before making mortgage enquiries with a lender.<\/p>\n
It\u2019s possible to have a home loan pre-approved before you\u2019ve even started to wear out shoe leather at open home inspections.<\/p>\n
It can mean you\u2019re ready to go with your loan, with only a few formalities to sort out, as soon as you\u2019ve found the right place.<\/p>\n
Even better, pre-approval doesn\u2019t mean you\u2019re committed to taking out a loan. It\u2019s not a problem if you have a change of plans.<\/p>\n
Here are three ways home loan pre-approval can put you in front in today\u2019s market.<\/p>\n
1. Pre-approval gives you a budget to stick to<\/h3>\n
When it comes to a major step like buying a home, there\u2019s no room for guesswork.<\/p>\n
With a pre-approved home loan, you know exactly how much you can borrow, and that\u2019s the foundation for your home-buying budget.<\/p>\n
It means you can focus on homes within your price range, and make an offer with confidence.<\/p>\n
Pre-approval is especially important if you plan to bid at auction. It sets a clear line in the sand for your highest bid.<\/p>\n
2. You can act fast<\/h3>\n
In today\u2019s market, homes are selling in turbo-charged timeframes.<\/p>\n