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Buying Property & Due Diligence
Article 19 of 74

Bond pre-approval is useful, but it is not final bond approval.

Pre-approval can help a buyer understand affordability and strengthen planning, but the lender still evaluates the specific property, final application and supporting documents.

PROPERTY INSIGHT 19 Bond pre-approval is useful, but it is not final bond approval.

What to know

  • Budget for a comfortable repayment, not only the maximum amount available.
  • Keep financial documents current before making an offer.
  • Avoid major new credit commitments while a home-loan application is being assessed.
  • Read the final quotation and credit agreement carefully before acceptance.
Important Information

The information in Fabulous Homes Insights is provided for general property education and information. Property, tax, finance, sectional-title, rental, municipal and compliance matters can differ according to individual circumstances, contractual terms, scheme rules, municipal requirements and changes in law. Where necessary, readers should obtain advice from an appropriate attorney, conveyancer, tax practitioner, financial professional, property practitioner, engineer, inspector or other suitably qualified professional.

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