Getting a home loan pre approval before approaching the real estate market is the best possible confidence booster available, as it can help you find property without the fear and second guessing that comes from financial uncertainty. 

Seeking a home loan pre approval is a great way to give yourself the upper hand in the real estate market, allowing you to make definitive decisions with the knowledge that you have the finances to back up your calls. 

Whether you're interested in purchasing at auction or looking to secure property through a private treaty sale, the benefits of being able to act straight away cannot be underestimated. Especially with auctions, when vendors often expect the paperwork to be signed immediately following the proceedings. If you aren't ready with your finances, you could find yourself missing out. 

Speaking with a mortgage broker about getting a pre approval will give you a clear idea about the type of properties you should be looking into. For example, having a clear definition of your financial limit could provide you with search guidelines and parameters – helping to focus your search and facilitate a successful purchase. 

Furthermore, home approvals are valid for a period of three months, removing any hasty necessity from the decision and allowing you to take your time with the search. If you fail to find anything suitable during this period, applying for another pre approval is simple and easy, helping to remove stress from the equation. 

If you're interested in purchasing property in the near future, now could be the perfect time to contact a financial professional and begin discussing the various options open and available to you. 

You can contact a Smartline Mortgage Adviser on 13 14 97 for home loan advice. Or complete our call request form and we'll call you!

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DISCLAIMER: The information contained in this article is correct at the time of publishing and is subject to change. It is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, Smartline recommends that you consider whether it is appropriate for your circumstances. Smartline recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.