Preapproval Home Loan

If you have been looking at buying property and perhaps have seen some cracker deals on Domain or Realestate.com.au but did not know what to do next, then you need a pre-approval. A pre-approval gets all the paper work out of the way, removes the uncertainty of whether you can afford the property or not, and lets you get on with the important part of finding the right property to buy. A pre-approval is essentially the lender confirming that you meet the criteria for a home loan with them subject to any conditions they may impose (like satisfactory valuation and lenders mortgage insurance approval). Some of the advantages of a pre-approval include;

• Completely Free - our service is free also as the bank pays MAP instead of  the branch manager, 
• NO OBLIGATION to take the finance - if you don't want to use the approval you don't have to,
• Pre-approval lasts for 90-180 DAYS depending on the lender with option to roll over if pre-approval expires,
• Speeds up the formal approval process - once you have signed a contract generally all the bank needs to do is a valuation on the property,
• More NEGOTIATING POWER - vendors LOVE to hear you have pre-approval as they know you are a serious buyer. 

To arrange a home loan pre-approval contact MAP by completing the enquiry form to the right.