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The benefits of being pre-approved

By the resi financial blog team, 29 January 2015

The benefits of being pre-approved

Too often, house hunters find their dream property but then have those dreams crushed when lender after lender refuses to lend them what they need. Being pre-approved for a home loan means you can look in the price range you know you can afford.

There are other benefits as well. It’s a process that is free and the amount is generally valid for up to three months – although some lenders guarantee it for longer. It also shows agents that you are a serious buyer – there are some that don’t bother showing properties unless it’s to people who can g ...

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