Getting Pre Approved
You want to know the price range of properties you can look at, right? And if the right one comes along you want to be in a strong position to make an offer on it, yes? Well, that’s what getting home loan preapproval is all about.
Having done some basic number crunching the next step is to provide some documentation to back it up and put it all together in an application that is dressed for success!
To get the ball rolling you need to provide some information:
- Fully completed application form
- Proof of your income – this could be payslips, a letter from your boss or your financial accounts
- Proof of your deposit
- Bank statements showing your day to day accounts
- Credit card statements
- Photo ID
What if it doesn’t stack up?
This happens sometimes for a broad range of reasons:
Maybe you need to spend a few more months building up your deposit or it could be that you need to work on clearing some short term debt.
Whatever the reason we won’t say ‘nice knowing you’ but will instead give you some pointers to get you in a realistic position to buy as quick as possible.
But don’t sit there wondering, do something about it. You can call us, fill in the application form or stay informed by joining our mailing list; enter your details in the subscription form on the home page.
As part of the process we like to tell you some things about ourselves (in fact the law requires us to). So please have a quick read about Cam and David.
