Getting a Pre Approval before buying property is important.
No, a Pre Approval is not "mandatory" though.
Benefits of Pre Approvals:
💪 Clarity on your budget, assessed by a professional broker and lender
💪 Your offer on a property looks better than someone without one
💪 Your Formal Approval will be faster when you buy
💪 2025's shaping up to be a fast moving year for buying property (with rate reductions in sight) - FOMO
💪 You get 90 days to hunt (or sometimes 180 days)
💪 The hardest part of the loan application process is out of the way
💪 You can obtain Pre Approvals for Upgrades, Investment Properties and SMSF purchases, not only for First Home Buyers.
Downsides of Pre Approvals:
👉 None really!
Talk to a Truly Finance Broker about it. We're here to help.
James Brett. Principal Mortgage Broker ☎️ 0439 591 759
Victor Simone. Principal Mortgage Broker ☎️ 0438 257 888
Andrew O'Brien. Senior Mortgage Broker ☎️ 0451 308 292
Nermalee Bowe. Senior Mortgage Broker ☎️ 0431 274 554
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