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Sort Out Your Loan Approval Before Searching For Property

By Jamil Allouche

Deciding to enter into the property market is an exciting time for many Australians – most likely, it represents one of the biggest investments someone will ever make.

But before you start searching for your dream property in Carlton or one of Melbourne’s outer suburbs, getting your home loan pre-approved is a fantastic way to begin your real estate search confidently.

By having your loan pre approved, you’ll have a general idea of your borrowing capacity – or how much you’ll be able to take from a lender to put towards your home investment.

By sorting out your financial standing before entering the property market, you will have some specific criteria to look out for home search.

And if the property is selling through auction, you won’t have to worry about missing out – having a clear idea of your spending limit means you can go ahead with the bidding!

If you’re looking into buying real estate in Brunswick, get in contact with the team at Ray White Brunswick. Have a chat with one of our real estate agents to start your search for your next property investment.

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