Get Pre Approved for a Home Loan or Refinance
If you’re looking for a real estate specialist that can offer you substantial help with assessing the market, finding new homes, and selling your existing property, you’re in the right place – but we’re more than just that. We also help our customers with securing pre-approval for home loans, and even mortgage refinancing. If those sound like nasty financial terms, you’re not far off, but these are critical aspects of the home buying process. By taking care of a home loan approval early on, you’re likely to find the home buying process that much more straightforward later on. As for refinancing a mortgage, that’s a process that could potentially bolster your bank balance in the long run, and in a very significant way. Learn more about both processes by reading on below.
What is Pre-Approval?
Okay, starting simple – what is a home loan pre-approval? This is where loan lenders look at your financial situation before you’ve found a property that you want to make an offer on. They’ll examine your financial health and approve you for a ballpark figure home loan. It’s important to note that this isn’t a concrete offer of finance, but it’s a strong indicator of the amount that they’re willing to give you once you’ve settled on a property. We have connections with a number of lenders who would be more than happy to take you through the process.
Benefits of Pre-Approval
You might be wondering, if it isn’t a firm offer of finance, what’s the point of doing it? That’s an understandable reaction, but the logic doesn’t quite add up. Pre-approval is advantageous because it lets you shop around for properties with confidence that you’ll be able to afford the right house. Make no mistake, finding the right home only to discover that you’re not able to afford it is a horrible feeling – as no other property looks quite as good as that one. Search with confidence and speed up the process at the same time – all you need is pre-approval.
What is Refinancing?
When you secure a loan to help you purchase a property, it comes with a specific set of terms. Your interest rate, the length of the repayment period, and all sorts else. It’s possible that since you secured that loan, your financial situation has changed – and more importantly, improved. If that’s the case, you could consider seeking out a refinancing process which will give you more favorable terms.
Benefits of Refinancing
You’ve already set up a home loan and you’re paying it off – why bother refinancing, right? This is a fair question, but there’s a really good reason to take the effort to make this happen. It saves you money. Lots of money. By reducing your interest rate and repayment period, you could literally save thousands and thousands of dollars. Our services make the process as easy as possible, so you won’t need to worry about a complex and frustrating procedure.