fbpx

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

When to get your Accounts done

If you happen to be a salary earner, proving your income is relatively easy.  As long as your Employer issues decent quality Payslips, you can provide the 3 most recent…

Read More

The banks are currently overwhelmed by hardship applications as a result of the Level 4 lockdown for Covid-19.  In this article we look at what your options are and why…

Read More

Article current as of 1st April 2020 (no April Fools jokes are contained – all information accurate) With the recent announcements with bank relief packages and mortgage holidays, we are…

Read More

Previously, we’ve looked at the difference between First Home Grants and KiwiSaver.  Another often confused, pairing is the First Home Loan (previously known as the Welcome Home Loan) facility and…

Read More