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Home loan pre-approval, also called an approval-in-principle, means getting your home loan approved prior to selecting a property. It sounds straightforward but there are some facts you need to know to ensure you have the best start to your property purchase venture such as:
- Types of pre-approvals - which one will you need?
- When should you apply for a pre-approval? Before or after you find the property?
- What do I need to apply for a pre-approval?
The rules are constantly changing. So ensure you know you are eligible for the First Home Owners Grant before buying a property as it can dramatically influence your financial position.
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If you've never been to an auction before, the more prepared you are, the easier it is. To help prepare for the big day, read on.
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