Looking for a property to purchase is an exciting time. Choices regarding location, size, number of rooms and local amenities often see house hunters carried away. But before you do get carried away, it’s important to check off the essentials first. Although organising your finances may seem drab in comparison to perusing sales listings, gaining pre-approval with a lender will give you confidence about how much you can afford to borrow. Arranging finance before finding the perfect property will put you in a good position when it comes time to make an offer.

Sellers are most interested in completing their sale fuss-free and with ready funding, and showing that you are capable of both will help put you at the top of a potentially competitive list of applicants.

In the instance that you find and secure purchase of a home without having your loan pre-approved by a lender, there are a few pitfalls that you risk running into. Saving home loan applications to the last minute also leaves less time to find the most suitable loan and have it approved ahead of settlement.

For more information, contact me 0402 203 303 or email me at [email protected]