Читать книгу The Female Investor - Kate Hill - Страница 35

Mortgage or property loan pre‐approvals have become more and more popular over the years — and for very good reason. Back in the ‘old days' many buyers usually didn't even bother talking to a mortgage broker or their bank until they had put an offer on a property and were frantically trying to get their finances in order to finalise the deal. Sounds stressful, right? It was!

In hot market conditions and when buying at auction, a loan pre‐approval is non‐negotiable to ensure that you are ‘purchase ready' and can make an offer or a bid with confidence, knowing that you have the funds to back up your bravado.

However, we also recommend loan pre‐approvals for first‐time buyers and anyone re‐entering the property market. This will not only help reduce stress when buying, but also set the budget for your potential property purchase. Plus, it can make the difference between being the successful buyer or not when there is far more demand than supply in a market.