Problems with interest rates and repayments? Ask for home loan help.
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Each Lender takes different times to approve finance, often as a result of delays caused by volume pressure.
The process often involves a multiple stages, conditional approval is given subject to valuation or confirmation of any questions that a credit assessment officer needs clarifying. I recommend that you allow say fourteen days as a minimum for finance approval and more if it covers a period of public holidays or if your application is likely to be viewed as difficult or unusual. Placing stress on yourself, the broker, the lender and the vendor does nobody any good.
Getting a pre-approval can save some time and can give you some bargaining power with a vendor but remember a pre-approval is still usually subject to some conditions such as valuation and so never make a cash offer on the basis of pre-approval.
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