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Should I find a suitable property before applying for a home loan?

April 4, 2009 by admin

If desired  but is far better to have Ability Finance lodge a loan application for an approval in principle or home loan pre-approval prior to making an offer on a property.
This ensures that your home loan application is conditionally approved by the lender, if the application is successful.
Conditional approval is usually based on a condition that an acceptable property to the lender is chosen.
This helps avoid any delays once you have found a property and avoids committing to more that you may be able to borrow.


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Important Information!

All information and loan option scenarios contained within this no deposit home loan site can only be general in nature and may not suit your specific individual requirements! Always seek independent professional advice before selecting or applying for any type of finance. Information, products and services are subject to change or alteration or withdrawal without notice. Always check before acting and always seek independant professional advice.