Surprises may be great for your birthday or the holidays, but never for your home loan. Imagine yourself finally finding the house that you want only to find out later on that your lender would only lend a tiny fraction of what the property costs. It's embarrassing and frustrating. It wastes your time too, since you'll have to shop for a new home again.
Home loan repayments calculators are great if you wish to get a feel of how much you can borrow. However, keep in mind that it's still just an estimate. Sometimes, you under or overestimate your needs, which fails to give you the exact picture of how much you can borrow. It still takes people to assess your situation in this case. That is why getting a home loan pre-approval is important. But let's get deeper into the subject. Here are some reasons why you need to get pre-approved before you pick a home:
Speaking of home loans, whether you need to pay off yours sooner or would like to apply for a new one, our qualified advisors are ready to help you. They will put your personal circumstances into the equation and provide you with rate comparisons of Australia's top lenders. This gives you the power to choose a home loan that truly fits your needs and budget.