Learn About Home Loan Pre-approval
Buying your first home is an exciting experience. But, there is a lot to think about: How much deposit do you need? How much you can borrow? Can you afford your dream home? How much will the repayments be?
In this episode, Miguel talks about Home Loan Pre-Approval and How lenders assess a Home Loan Application. Home loan Pre-approval is the assurance a Bank gives a customer that they would eventually get a loan up to a certain amount. You will also learn that your Income, Living Expenses, existing debts, as well as your savings are equally important in getting a Home Loan Pre-approval. These are the main items the banks check when calculating how much you can borrow. Having that information will let you know what is the maximum offer you can put on the house you want. Additionally, having a Home Loan pre-approval will also allow you to buy or put a bid on an auction since this is required for you to register unless you have all the money you need in hand to buy the property.
Watch the video here: https://youtu.be/jcqTuotyuAU
For more information call me on 0430 020 620 or send me an email.
Kind Regards,
Miguel Gonzalez
Mortgage Broker
My Loan Choices
m. 0430 020 620
e. miguel@myloanchoices.com.au
DISCLAIMER: This podcast provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.
