a New Home + Being prepared
finance for your new purchase can only simplify your buying
process. Your effort and time invested in finding and purchasing
a new home can be substantial and the process can also include
many uncertainties. Finance approval (conditional on finding
a suitable property) is the easiest way to remove at least
one of these uncertainties.
A home loan "Pre-Approval" will offer you a quantifiable
dollar amount to narrow the property search and may offer
you strength in a competitive position - allowing you to
act quickly and decisively when the perfect opportunity arises.
Provide clarity at an auction - auctions can be an uncertain
and often an emotional process. A pre-approval from a lender
at your pre-determined maximum borrowing level can take the
emotion out of the auction process.
Engaging a Solicitor or Conveyancer at an early stage is
also good preparation for a new purchase. Having them check
Contracts of Sale for any special conditions or limitations
is a prudent step before bidding at an auction.
Introducing your Conveyancer to your Mortgage Advisor is
also a great idea to streamline the whole process. Allowing
direct communication between these two parties acting for
you, can speed-up information flow and ensure settlement
occurs smoothly and on time.
Holistic Home Loans has worked with many Conveyancers. If you don't have
a Conveyancer that "knows their stuff" then feel free to
ask our advisors for a good contact in your area.
Relocating is a big deal, especially when it involves selling
your existing home to buy another, or reassessing whether
your finances will allow the existing home to become a rental
For more information about the what to consider at this
important stage of property ownership go to our transition
between homes page to find whether "bridging finance" is
the right option to choose, and how deposit bonds might apply
to your circumstance.