Pre-Approved Home Loan

Understanding Your Home Loan

Accrete finance mortgage home loans for all of your needs

A home loan Pre-Approval is a basically an "approval in principle" . It is saying "I am serious about buying a home and have made sure I can get the finance before I put an offer in on your property".

A pre-approval is provided in writing by your chosen lender.

In the current market a Pre Approval can be extremely valuable. There are usually a number of prospective buyers all looking at the same property and in a large number of cases the vendors have a choice of which offer to accept.

If you have Pre-arranged finance in place, not only will if give you piece of mind that you can continue with your purchase in confidence, but also it may give you the upper hand. A vendor may be more likely to accept your offer if they know that you have taken the time to get your finance in order opposed to someone that hasn't. This could be the difference between you securing the property or missing out completely.

It does not cost you anything to organise your approval in advance, and they are usually valid from between 3-6 months depending on which lender you are applying to.