Tips For Young Property Investors – Pre-approval

Once you’ve found the right home loan for you, apply for pre-approval as this offers increased negotiating power when it comes to agreeing on a price with the seller or agent.

With pre-approval, you’ll be considered a preferred buyer as you have a lender’s approval already in place, which can help you win a bidding war against others who may not qualify.

In addition, pre-approval can reduce stress by speeding up the documentation process once you’ve found a property.

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Jason Gwerder
Thursday, 17 March 2022

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