fbpx

What is a mortgage pre-approval?

A pre-approval is an offer (typically known as a Letter of Offer of Finance) from a bank or lending institution that indicates the maximum they are willing to lend. The document may have a list of conditions to still be met by the client. This is known as a Conditional Letter of Offer. A document with no conditions is known as an Unconditional Letter of Offer.

Latest Posts

The thinking behind weekly payments saving you money is this; If you pay $2,000 in monthly payments there are 30/31 days of interest charged before your next payment reduces your…

Read More

Below is a list of common mortgage terms which will help buyers and investors understand the finance journey.  This list is taken from “The Successful First Home Buyer” book. Asking…

Read More

An offset mortgage is when you have one or multiple bank accounts allocated to your mortgage The money in these accounts lower the amount owed. Instead of earning interest on…

Read More

What happens if a Registered Valuation isn't high enough?

There are several reasons why you might need a Registered Valuation when purchasing a property: if you are purchasing a property privately (not through a Real Estate Agent) and are…

Read More