Getting pre-qualified for the loan can smooth the process. Here's how to make it happen.
We recommend getting pre-qualified, because when you apply for a Home Loan the first thing a Bank will do is check your credit. This will give you the confidence to continue your search for the right home and at the price that you will be able to afford realistically. Your income, expenses and credit record will be examined by an expert in the same way a bank would to assess how likely you are to qualify for a bond and what you can afford. If any issues arise then it can be dealt with before you apply for a Home Loan.
Just imagine the disappointment of putting in an offer on a property that you can’t afford, as well as the time wasted when you could have been looking for the home in your price range. If you are able to provide proof that you can buy, the seller will more likely accept an offer on their home.
