Some of your Questions:
Q.8. How long does it take to get pre-approval?
In most cases, Home Loans Fast will be able to give pre-approval within 2-4 business days after we submit an application. This is dependent on the bank as sometimes they can get an influx of applications due to a promotion they are running, and it may take a little longer.
More Questions of yours:
- 1. What is LVR?
- 2. What is Lenders mortgage insurance (LMI)?
- 3. What is the difference between a fixed rate loan and a variable rate loan?
- 4. What is a Comparison Rate?
- 5. What is the difference between a ‘Principal and Interest’ repayment and an 'Interest-only' repayment on Home Loans?
- 6. What deposit do I need when taking out a loan?
- 7. What is a pre-approval or conditional approval?
- 8. How long does it take to get pre-approval?
- 9. How long does a pre-approval last?
- 10. What is stamp duty? How much do I have to pay?
- 11. How much can I borrow?
- 12. Can I pay out my home loan at any time?
- 13. Extra Repayment Part 1 - What is an offset account? How does an offset account work?
- 14. Extra Repayment Part 2 - What is redraw?
- 15. What is Equity?